Fully let Southfield apartment block to be auctioned

3 Mynderd Street, Southfield

Don Therese, located at 3 Mynderd Street, Southfield, consists of a sectionalised, 18-unit apartment block.

Auction Alliance will take a fully let apartment block to auction on February 16.

The property is situated on the border of Plumstead and Southfield in a quiet road, allowing easy access to Victoria Road, the M5 Highway and Main Road. The property is within easy walking distance of Southfield Train Station. 

The building offers 14 two bedroom apartments, four one bedroom apartments, 18 parking bays and two storerooms. 

“Well-let, income-generating properties always attract strong investor interest. The fully let block offers an annual rental income of R816, 800, making it an excellent investment opportunity,” comments Jacques Coetzer of Auction Alliance.  

The auction takes place at 12pm on February 16 at the Crystal Towers Hotel & Spa, Century City.

Click here to view more Auction Info