Apartment for sale
Prime corner living and investment in West Germiston’s vibrant centre — mixed-use complex with established café and on-site school, enclosed balconies, 36 residential units and secure parking.
Asking Price: R16,000,000 (Negotiable on Serious Offers)
Annual Net Income: R1,476,732.00
Unlock the potential of this high-yield, mixed-use asset located at **, a strategic corner position in the heart of West Germiston.The complex offers a diversified income stream combining stable residential tenancies with high-visibility retail spaces.
* Total Building Size: The building offers a substantial footprint with a registered municipal area of 990 m2 on a 495 m2 Erf.
* 36 Residential Units: * 18 x One-Bedroom Units (approx. 65 sqm each).
* 18 x Two-Bedroom Units (approx. 85 sqm each).
* Units feature enclosed balconies, maximizing living space.
* 10 Retail Sections: Prime ground-floor commercial units with a sustainable tenant mix, including an established café and an on-site school.
* Secure Parking: Approximately 20 basement parking bays providing
safety and convenience for tenants.
* Ownership: Full Title (Freehold) property.
Financial Performance:
* Gross Monthly Income: R228,130.00 (Inclusive of utility recoveries).
* Net Monthly Income: R123,061.00.
* Yield: Excellent cap rate performance, offering immediate and consistent cash flow.
Important Notice to Buyers:
To ensure a professional and efficient sales process, the following conditions apply:
1. Price Negotiable: The seller is open to reasonable negotiation for serious offers only.
2. Vetting Process: To protect the privacy of tenants and the integrity of the sale, Proof of Funds (POF) is required prior to any scheduled viewings.
This is a rare opportunity to acquire a managed, high-yield asset with a proven track record.
Listed for sale at R16,000,000
Compared with 211 active listings in Germiston.
Insight
Priced 2618% above the local median — and above the typical range for Germiston.
Buyers should compare condition, position, views, finishes and floor size before deciding. Benchmarked on town-level data where the suburb sample is limited. Premium pockets may trade above town averages — check with the agent for local guidance.
Similar properties pricing
Market depth
211 listings
Similar homes town-wide
137 days
Median time on market
Many similar homes
Active across Germiston
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Germiston West offers a centrally located, industrial-adjacent residential environment that provides affordable housing options with convenient access to major transport routes and the broader East Rand business hubs.
