Apartment / flat on auction in Berea

10-Unit Apartment Block Going on Auction – 20 August Secure Residential Investment with Strong Income Stream This well-maintained apartment block presents an excellent opportunity for investors seeking a stable, income-generating residential asset. Comprising 10 self-contained flats, the property offers immediate rental income and long-term investment potential in a high-demand residential market. The property generates a gross annual rental income of R807,600, providing investors with a solid foundation for consistent cash flow. Each unit is fitted with prepaid electricity, while water consumption is individually metered, allowing for efficient utility management and reduced landlord operating costs. Security and convenience are key features of this investment. The property benefits from fingerprint-controlled access, ensuring secure entry for residents, while ample secure on-site parking enhances tenant appeal and occupancy. Property Highlights: - Going on Auction: 20 August 2026 - 10 residential flats - Gross Annual Income: R807,600 - Prepaid electricity to all units - Metered water for each unit - Fingerprint-controlled access - Ample secure on-site parking - Well-positioned income-producing residential investment Whether you're expanding an existing property portfolio or acquiring a quality residential investment, this apartment block offers the opportunity to secure a well-performing asset with an established rental income. Don't miss the opportunity to acquire this exceptional residential investment at auction on 20 August 2026.