3 Bedroom House on auction in Raceview

Auction Information: • Opening Bid: R 7 000 000 • Estimated Market Value: R 16 000 000 • Auction Date: Saturday, 06 June 2026 • Auction Time: 12:30 PM • Auction Venue: On-site Auction • Erf Size: 249m² to 280m² • Floor Size: Not provided Key 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) Property Description: Located in the highly sought-after suburb of New Redruth, Alberton, this full-title residential investment portfolio presents a rare opportunity to acquire a fully let, income-generating asset with immediate returns and long-term flexibility. The property comprises four double-storey cluster units offered as one lot on auction. Each unit provides approximately 300m² under roof and is positioned on an individual stand ranging from approximately 250m² to 280m². The face-brick construction supports a low-maintenance ownership profile, making the portfolio well-suited to investors seeking durable, practical residential assets. Each cluster unit features a functional modern layout with an open-plan lounge, dining, and kitchen area, a guest bathroom, three bedrooms, including a main en-suite, and an additional bathroom. Private gardens further enhance the tenant appeal of each residence. The complex is fully tenanted with long-term leases in place, providing stable rental income from day one. Its position in New Redruth, a proven high-demand rental node in Alberton, supports strong tenant retention and ongoing occupancy potential. A key advantage of this offering is the full-title structure, which allows for the future sale of individual units, creating a clear exit strategy and potential to unlock further value over time. Centrally located close to shopping centres, schools, healthcare facilities, and major transport routes, this is a compelling auction opportunity for investors seeking scale, income, and future flexibility.