44 Noord Rand Road, Kempton Park, Gauteng, South Africa
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Auction
- South Africa
- Apt Block
- Commercial
Invited Opening Bid R8 000 000
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Property Summary
- This sale is Subject to Confirmation by the Parties involved
- Erf 68
- Erf Extent 1301
- 34 Flats
- CURRENT GROSS ANNUAL RENTAL INCOME R1,920 000
- The Purchaser is required to acquaint themselves with the property and all matters related thereto, including but not limited to its condition, location, and any improvements thereon.
- Please ensure that you familiarise yourself with the Conditions of Sale, Rules of Auction, and all other legal documentation available under the "Legals" tab below. By registering and placing a bid, you acknowledge that you have read and understood these documents and agree to be bound by their terms and conditions.
VIEWING BY APPOINTMENT ONLY:
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Property description
EXCELLENT INVESTMENT OPPORTUNITY – Fully Let Apartment Block in Kempton Park CBD
Secure a strong, income-producing asset in the vibrant Kempton Park CBD — an area known for consistent tenant demand and superb convenience.
GROSS ANNUAL INCOME R1,920 000
Property Breakdown:
• 10 × Spacious 2-bedroom apartments
• 2 × 1½-bedroom units
• 12 × Large bachelor units
• 10 × Compact bachelor units
• 14 Parking bays available
The building is 100% tenanted, offering reliable rental returns from day one with current revenue around R162 000 per month and promising steady capital growth.
This is an ideal addition for investors looking to grow their portfolio with a stable, revenue-generating property. Don’t let this opportunity pass you by.
Location
Prime central position within Kempton Park CBD
• Minutes from OR Tambo International Airport
• Quick access to the Gautrain Station, major taxi routes, and key transport corridors
• Close to shopping centres, schools, and essential amenities
Additional Details
A 10% deposit and 5% auctioneers fee (plus VAT on fee) is due and payable by the highest bidder once bidding has closed. See Legal tab for Special Conditions.
Please note: All legal documents can be viewed by clicking on the ‘Legals’ tab above, in order for you to carry out due diligence in relation to the property. By doing so, this will also ensure that you are continuously updated regarding any pricing changes on the property prior to auction.
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*Terms & Conditions
No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.
You're the highest bidder!
As this sale is subject to confirmation, we will be in touch within the confirmation period to let you know if your bid has been accepted by the vendor.
If you have any questions in the meantime, we're here to help: