Brooklyn, Rugby and Goodwood remain sought after locations for the rental market, particularly due to its centrality and close proximity to major public transport infrastructure. ClareMart now gives property developers and other investors an opportunity to get into this ever growing market, when three apartment buildings go under the hammer at the next multiple auction on April 24.
The first block, on a 984m² erf, is located at cnr 225 Koeberg and 1 Poole Road Brooklyn, right on the busy bus and taxi route. Betanie Court comprises 13 fully tenanted apartments, as well as three tenanted shops. There is also one garage and three off-street parking bays.
This property benefits from high visibility on the busy Koeberg Road, with the retail outlets benefiting from extensive pedestrian traffic. It’s a fully secured and well managed block, with minimal maintenance requirements. It currently yields R1 070 256 per annum in rental income, with potential to increase.
Another opportunity exists at 17 Santos Street Rugby, where eight tenanted apartments, with as many garages, are up for grabs. This too is a fully secured and well run block, on a 864m² erf. Cecilia Court currently yields R524 760 per year, with potential to increase substantially.
Lastly, Ardette Court at 23 Alice Street Goodwood, comprises six tenated apartments in a secure block and raises approximately R398 040 in rental income per year, with the potential to increase by 20%. The erf spans 495m².
“These are incredibly good investment opportunities that yield exceptional returns. None of these properties are sectionalised, which offers massive potential for adding bulk. We don’t anticipate that this stock will be on the market for very long as investors in the know, will no doubt see the value and grab it in a flash,” said Sanjeev Boyjoonauth, ClareMart Senior Auction Agent.
These properties can be viewed by appointment with the auction consultant. Don’t miss the opportunity to bid on these properties at ClareMart’s next multiple auction, at the new venue, Hellenic Community Centre, 24 Bay Road Mouille Point, on Wednesday 24 April lat 12h30. A 5% deposit and 10% auctioneer’s commission (excluding VAT on commission) will be payable on the fall of the hammer. The balance is payable on registration of transfer. For more information, contact Sanjeev Boyjoonauth on firstname.lastname@example.org or 021 425 8822 or 071 223 9552.