Tenanted 10-Unit Residential Estate On Auction: 229 Ouklipmuur Avenue, Lynnwood

House On Auction, 2881m² @ POA

Tenanted 10-Unit Residential Estate

Bidding to start from R15,000,000 | Live Auction: 04 February 2026!

This property comprises a secure residential townhouse estate situated on a ±5,219m² erf in Equestria Ext 29, Pretoria East. The estate generates a projected gross annual income of approximately R2,082,660, with 9 of the 10 units currently tenanted, providing immediate income with limited vacancy exposure. The development consists of 10 three-bedroom, 2.5-bathroom townhouses, each offering open-plan living areas and private garden space.

The estate is fully enclosed and offers 24-hour controlled access, perimeter walls, and an on-site guardhouse, supporting a secure residential environment. Each unit is allocated two dedicated parking bays, in addition to a private lock-up garage with direct internal access. The property is well located near The Grove Mall, schools, medical facilities, gyms, and surrounding neighbourhood retail amenities, with direct access to major transport routes including the N4, Lynnwood Road, and Solomon Mahlangu Drive.

Key Features:• Projected gross annual income of approximately R2,082,660

• 10 three-bedroom, 2.5-bathroom townhouses

• 9 of 10 units currently tenanted

• Open-plan living areas with private garden space

• 24-hour access control, perimeter walls, and on-site guardhouse

• Two dedicated parking bays plus private lock-up garage per unit

• ±2,881m² GLA on a ±5,219m² erf

• Proximity to The Grove Mall and essential amenities

• Direct access to N4, Lynnwood Road, and Solomon Mahlangu Drive

• Monthly Rates: ±R8,383.55

• VAT Registered: No

Located in Equestria Ext 29, the estate benefits from a well-established residential setting with strong tenant demand and convenient access to key transport and retail nodes.

Auction Terms and Buyer Info: • Buyer Costs: 16.5% payable on auction day

(10% commission + VAT on commission + 5% deposit toward purchase price)

• Registration Fee: R50,000 (live bidders) | R100,000 (telephonic/online bidders)

All bids constitute a legally binding offer, and the highest bidder is required to sign the Auction Sale Agreement immediately upon the fall of the hammer; failure or refusal to sign constitutes a breach and results in forfeiture of the registration deposit. The sale is subject to a reserve price unless otherwise stated. The property is sold voetstoots, as-is, and all bidders must provide valid FICA documentation prior to registration.