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Web Ref TPC29
10-Unit Residential Block with 6 Secure Garages on Auction
Investment Property on Auction , King Williams Town
10-Unit Residential Block with 6 Secure Garages
Excellent Rental Income, Ideal for Student Accommodation
Property Overview:
A prime residential investment opportunity in the heart of King William’s Town, this fully tenanted apartment block (with one unit vacant) offers strong rental returns and excellent potential for student housing.
Investment Highlights:
• Gross Monthly Rental Income: R55 000 (with 1 unit vacant)
• *Potential Fully Let Income: ±R60 000+ / month
• High demand rental area – great for students and working professionals
• 1 vacant unit requires renovation, value-add opportunity
Unit Configuration:
• 2 × Two-Bedroom Flats
• 2 × Bachelor Flats (Open-plan layout)
• 6 × One-Bedroom Flats-Each includes a lounge and dining room
Property Features:
• Fully fitted kitchens in all units
• Bathrooms equipped with bathtubs (no showers)
• 6 On-site secure lock-up garages
• Securely enclosed property
Occupancy:
• 9 of 10 Units Currently Occupied
• 1 Bachelor Unit Vacant (Needs Renovation)
• Steady tenant base in place
Ideal for Student Accommodation:
Strategically located in a central area with access to local amenities and transport routes, this property is perfectly suited for student housing or communal rental setups. The unit layout and existing infrastructure make it a strong candidate for long-term, stable income generation.
Auction Details:
Online Auction Date: 30 September 2025
Auction Platform: Auction Station
Contact Us Now
For more information, viewing arrangements, or to discuss this opportunity further, get in touch today.
10-Unit Residential Block with 6 Secure Garages
Excellent Rental Income, Ideal for Student Accommodation
Property Overview:
A prime residential investment opportunity in the heart of King William’s Town, this fully tenanted apartment block (with one unit vacant) offers strong rental returns and excellent potential for student housing.
Investment Highlights:
• Gross Monthly Rental Income: R55 000 (with 1 unit vacant)
• *Potential Fully Let Income: ±R60 000+ / month
• High demand rental area – great for students and working professionals
• 1 vacant unit requires renovation, value-add opportunity
Unit Configuration:
• 2 × Two-Bedroom Flats
• 2 × Bachelor Flats (Open-plan layout)
• 6 × One-Bedroom Flats-Each includes a lounge and dining room
Property Features:
• Fully fitted kitchens in all units
• Bathrooms equipped with bathtubs (no showers)
• 6 On-site secure lock-up garages
• Securely enclosed property
Occupancy:
• 9 of 10 Units Currently Occupied
• 1 Bachelor Unit Vacant (Needs Renovation)
• Steady tenant base in place
Ideal for Student Accommodation:
Strategically located in a central area with access to local amenities and transport routes, this property is perfectly suited for student housing or communal rental setups. The unit layout and existing infrastructure make it a strong candidate for long-term, stable income generation.
Auction Details:
Online Auction Date: 30 September 2025
Auction Platform: Auction Station
Contact Us Now
For more information, viewing arrangements, or to discuss this opportunity further, get in touch today.
Features
Building Name
Athlone Court
Zoning
Commercial
Title
Freehold
Exterior
Security
Yes
Sizes
Floor Size
1,262m²
Land Size
3,472m²
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