11/08/2026
ON AUCTION 20 AUGUST 2026 | INCOME-PRODUCING APARTMENT BLOCK IN ONE OF JOBURG'S MOST SOUGHT-AFTER RENTAL NODES
Berea doesn't struggle for tenants. This well-maintained four-storey apartment block on Mitchell Street proves it - 17 income streams, ±R58,890 generated every month, in a suburb that sits at the intersection of convenience, connectivity and consistent demand.
Close to the Johannesburg CBD, major arterials, universities, schools and healthcare facilities, this is the kind of residential asset that stays occupied.
WHY BUY HERE?
✅ GLA: ±1,220m²
✅ Erf Size: ±495m²
✅ Zoning: Residential 4
✅ 17 residential units including flats and a room
✅ Gross Monthly Income: ±R58,890
✅ G*I: ±R745,344 p.a.
✅ Secure steel palisade fencing with controlled access
✅ On-site parking for residents
✅ Strong rental demand in established urban node
✅ Value-add potential through strategic upgrades
AUCTION DETAILS:
🗓 Date: 20 August 2026 @ 12:00 PM
🏢 Venue: The Wanderers Golf Club, Illovo
CONTACT BROKER:
📞 Bakkies Reyneke: 082 451 6897
📧 [email protected]