6-Unit Apartment Block | Dawn, East London Auction | Opening Bid: R2,250,000
A solid income-producing property in Dawn — a well-located suburb with easy access to the Wilsonia industrial area and quick links to the N2 and East London's central areas.
The block comprises six 2-bedroom units, each tiled throughout and finished to a neat, modern standard. Every unit has its own kitchen, lounge, bathroom, and dedicated parking bay. The complex is well-maintained and move-in ready.
Currently generating R36,000 per month in rental income across all six units — R6,000 per unit — with consistent demand from working tenants in the area. At the opening bid, that's a gross yield in the region of 19%. Low turnover, no heavy refurbishment required, and income from day one.
At a glance:
Auction opening bid: R2,250,000
6 x 2-bedroom units
Rental income: R36,000/month
Gross yield: ~19% at opening bid
Modern finishes — tiled, neat, functional
Kitchen, lounge & bathroom in each unit
Own parking bay per unit
Close to Wilsonia industrial hub
Easy highway access to all major areas
Just a reminder that this sale is VAT applicable.
Register to bid or contact us to arrange a viewing and discuss the full income breakdown.