Apartment / flat for sale in Benoni Central

This newly renovated and exceptionally well-maintained block of flats presents a solid investment opportunity, ideally located in an low income area, within the Benoni CBD in a predominantly commercial and mixed-use area rather than a residential neighbourhood. The property consists of three storeys and offers a total of 41 bachelor units, complemented by two street-facing retail shops on the ground floor, providing multiple income streams. Property Breakdown: Ground Floor: -8 bachelor units -2 retail shops (±80m2 each) with large street-front windows, kitchenette, and toilet. Rent p/m R 7500 & R 6500 First Floor: -16 bachelor units. Second Floor: -16 bachelor units. Unit Sizes: - ±18m2 units renting at R2,700 per month(30 units). - ±19m2 units renting at R3,000 per month(10) Key Features: -Newly renovated with screet flooring throughout. -All roofs, walkways etc newly waterproofing completed. Excellent security including: -CCTV camera system. -Biometrics with facial recognition access. -Battery backup for security systems (±12 hours). -Dedicated computer/control room for camera monitoring. Water Supply: -Municipality water with 15000-litre backup water tanks with pressure pump. -Bulk municipal water metered per building, split between tenants. -Each unit has its own prepaid electricity meter. -No pets and no children permitted. Street-front parking only, supported by comprehensive camera coverage. Laundry rooms available on each floor. Basement area with sump. Caretaker’s room located on the rooftop(unit 41), including: -Additional wash lines. -Small workshop area. Overall Condition: The building is extremely neat, well managed, and carefully maintained, making it a low-maintenance investment with consistent rental income. This property is ideal for investors seeking a secure, renovated, and income-producing residential and retail asset in Benoni’s affordable rental market. 36 units have a lease agreement in place. 4 are vacant. Rates: Approximately R 3000 Electricity Approximately R 14000.00, Rebate on prepaid meter purchases R 15 000.00 Caretaker’s salary R 7565.00 plus accommodation and utilities. Water R 3000.00