It’s urban living redefined. Two apartment blocks in the heart of cosmopolitan Killarney go under the hammer at our next auction.
Featuring 31 apartments each, these exceptional apartment blocks both offer a sizable projected annual gross income of R3, 6 million and R4, 347 million respectively.
Located close to the city centre and surrounded by leafy neighbourhoods such as Houghton and Saxonwold, these properties are bound to sell fast. They offer easy access to main transport routes, including Oxford Road and the M1 highway. Both 5 and 28 Riviera Road are near numerous schools, Killarney Mall and other retail centres. Nearby recreation spaces also include the Houghton Golf Club, the Johannesburg Zoo and the Wilds Nature Reserve.
With so much on offer, these buildings attract professionals and young families.
About the properties:
28 Riviera Road
- Registered Size: 3 960m²
- GLA: 5 600 m2
- Projected Gross Annual Income: R4, 347, 200
- Apartments: 31
- 1 Bedroom: 1
- 2 Bedroom: 20
- 3 Bedroom: 10
- Basement Parking: Yes
- External Parking: Yes
- Registration Number: TBC
- Registered Owner: Duly Instructed by JM Claassen Attorneys
- VAT Registered: No
- Available Bulk: Yes
5 Riviera Road
- Registered Size: 1.538ha
- GLA: ±5 200m2
- Projected Gross Annual Income: ±R3 600 000
- Apartments: 31
- 1 Bedroom: 4
- 2 Bedroom: 26
- 3 Bedroom: 1
- Basement Parking: Yes
- External Parking: Yes
- Registration Number: T15331/2013
- Registered Owner: Duly Instructed by JM Claassen Attorneys
- VAT Registered: No
- Available Bulk: Yes
Our thoughts on these properties
A comment from Guy Dowding, Joint Managing Director of Galetti Auction on this property: “The location and projected income offered by these properties make them both an exceptional investment choice. These apartment blocks offer residents the best of Johannesburg’s cosmopolitan lifestyle, with easy access to the city’s finest education, leisure and recreation amenities. Their proximity to major transport routes, schools, shopping centres and hospitals is ideal. These sunny apartments are an ideal, renovators’ dream with huge upside.”
Want to place your bid? Register to join us at our not-to-be-missed auction on 19 April 2023! The auction starts at 12pm at Katy’s Palace in Kramerville. Find out more about these properties here.
