Commercial for sale
Turnkey passive-income opportunity in central Gresswold — minutes from Balfour Park Mall, bus routes and freeways; 24-unit twin block with storerooms and staff accommodation.
A rare opportunity to acquire a solid, income‐producing residential block in the heart of Gresswold, one of Johannesburg’s most central and well‐connected suburbs. This property offers a strong rental mix, excellent accessibility, and long‐term growth potential — ideal for seasoned investors and portfolio builders.
This complex consists of two twin 3‐storey buildings, connected by a single‐level corridor that houses store rooms and staff accommodation behind the passageway. The layout is efficient, secure, and designed for easy management.
Unit Breakdown
7 × 3‐bedroom units @ R7400.
16 × 2‐bedroom units @ R6500
1 x 1‐bedroom unit @ R5000
Total: 24 residential units
The mix provides a balanced rental profile, appealing to families, young professionals, and long‐term tenants.
Perfectly positioned for high tenant demand:
- On bus routes
- Minutes from Balfour Park Mall
- Quick access to key Johannesburg freeways
- Close to schools, workplaces, and public transport
This central location ensures consistent occupancy and strong rental returns.
- Stable rental area with ongoing demand
- Solid brick construction and practical layout
- Additional storage and staff rooms for operational efficiency
- Ideal for investors seeking multi‐unit residential income
- Potential for upgrades to increase yield
This block is perfect for:
- Property investors expanding their residential portfolio
- Developers seeking a well‐located building with value‐add potential
- Funds or groups looking for stable, long‐term rental income
Listed for sale at R11,500,000
Gresswold is a well-established, centrally located residential suburb in Johannesburg that offers residents convenient access to major transport routes and a variety of nearby commercial hubs.
