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Commercial Property On Auction in Malvern

Weston Court, 497 Jules Street, Malvern, Johannesburg
  • Erf Size 495 m²
    • m²: 495 m²
    • Hectares: 0.05 ha
    • Acres: 0.122 acres
  • AUCTION
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Cliff Matshatsha

Malvern - Portfolio Disposal - Fully-Let Block Of Flats

Fully-let double-storey block of flats conveniently located along the main road of Malvern. The property consists of 9 apartments with a unit breakdown of 7 x 2 bedrooms, 1 x 1 bedroom and 1 x bachelor unit. Electricity and water are metered and recoverable. This asset currently generates a gross annual income of R459 000. Weston Court is zoned Business 1, making it a versatile investment opportunity.

Features

Double-storey apartment block

Income-generating property with a great yield

Gross Annual Income of R459 000.00

Stand size: 495m²

GBA: ± 500m²

Metered water & electricity

Palisade fencing + gate for security

Total of 9 units

Located on busy main road: high demand area

Fully-let double-storey block of flats conveniently located along the main road of Malvern. The property consists of 9 apartments with a unit breakdown of 7 x 2 bedrooms, 1 x 1 bedroom and 1 x bachelor unit. Electricity and water are metered and recoverable. This asset currently generates a gross annual income of R459 000. Weston Court is zoned Business 1, making it a versatile investment opportunity.

Features

Double-storey apartment block

Income-generating property with a great yield

Gross Annual Income of R459 000.00

Stand size: 495m²

GBA: ± 500m²

Metered water & electricity

Palisade fencing + gate for security

Total of 9 units

Located on busy main road: high demand area

Listing number: P24-115471491, Image number: 1
Listing number: P24-115471491, Image number: 2
Listing number: P24-115471491, Image number: 3
Listing number: P24-115471491, Image number: 4
Listing number: P24-115471491, Image number: 5
Listing number: P24-115471491, Image number: 6
Listing number: P24-115471491, Image number: 7
Listing number: P24-115471491, Image number: 8
Listing number: P24-115471491, Image number: 9
Property Overview
Listing Number
115471491
Type of Property
Commercial Property
Street Address
Weston Court, 497 Jules Street, Malvern
Listing Date
24 January 2025
Erf Size
495 m²
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Cliff Matshatsha
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Contact Broker

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Auction Details

20 February 2025, 11:00
Masingita House, 41 West Street, Houghton Estate, Johannesburg
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