Commercial Property for sale in Lenasia south
updated on Sep 30, 2025
R 4 850 000

WEB REF: 754861

 
Property Summary
  • Price R 4 850 000
  • LocationJohannesburg, Lenasia South
  • Property TypeCommercial - Block of Flats
  • Erf Size2500 m2
Features
- Prepaid meter
Description

Great Investment opportunity, 20 Apartments with 3 retail shops two separate double-storey buildings, each containing a total of 20 flats. Some of the flats are currently under renovation. The flats are designed as 16 units of 2-bedroom apartments and 4 units of 3-bedroom apartments. Each apartment features an open-plan living area and a kitchen. 1x full bathroom with shower, toilet and basin Parking space. Borehole water with filtration systems and water pumps Additionally, the property includes three retail shops. There are also facilities like a caretaker room and storerooms on the premises. The potential for the property is significant, with the current fully complete flats generating a monthly income of R60,000. Once all flats are fully rented out, including the completion and rental of the remaining 7 apartments and the leasing of the retail shops, the projected monthly income will potentially double to R120,000. This demonstrates significant upside potential for the property's reven

Additional Features
      Property Address

      Lenasia South, Johannesburg, Gauteng

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