House on auction in Raceview

13 May @ 12:30 pm (Regs from 11:30 am) Venue: The Interchange, Bedfordview Viewing: By Appointment Estimated market Value R16 000 000.00 Opening Bid R7 000 000.00 Property Features • 4 x Full Title Cluster Units (Entire Complex) • ±300m² Under Roof per Unit • Stand Sizes: ±250m² – 280m² per Unit • Double-Storey, Face Brick (Low Maintenance) • 3 Bedrooms per Unit (Main En-Suite) • 2.5 Bathrooms per Unit • Open-Plan Lounge, Dining & Kitchen • Private Gardens for Each Unit • Fully Let – Long-Term Leases in Place • High-Demand Rental Node (New Redruth, Alberton) • Full Title – Units Can Be Sold Individually • Sold as One Lot on Auction Investment Overview • Fully Tenanted: Long-term leases in place • Immediate Cash Flow: Income from day one • Exit Strategy: Ability to sectionalise/sell units individually Property Description Located in the highly sought-after suburb of New Redruth, Alberton, this fully let residential complex presents a rare opportunity to acquire a multi-unit, income-generating asset with immediate returns and long-term flexibility. The property comprises four full title, double-storey cluster units, each offering approximately 300m² under roof on individual stands ranging from ±250m² to 280m². Built with face brick exteriors, the complex offers a durable, low-maintenance investment ideally suited for long-term portfolio holding. Each unit features a modern, practical layout, including an open-plan lounge, dining, and kitchen area, a guest bathroom, and access to a private garden. Upstairs, each unit offers three bedrooms, including a main en-suite, as well as an additional bathroom. The complex is fully tenanted with long-term leases in place, generating a stable and consistent rental income stream. Positioned within a high-demand rental area, the property benefits from strong tenant retention and ongoing occupancy. A key differentiator is the full title structure, which allows for the future sale of individual units, providing investors with a built-in exit strategy and the ability to unlock additional value over time. This property is being offered as a single lot on auction, presenting a compelling opportunity to acquire a residential investment portfolio at a fraction of its estimated market value. Location Benefits • Centrally located in New Redruth, Alberton • Close proximity to major shopping centres • Near top schools and healthcare facilities • Easy access to major transport routes • Proven high rental demand area

27 Padstow Street, Raceview, Alberton, Gauteng