We Will Offer For Sale By Public Auction The Property Situated At:
ALETTA COURT – 19 WEMBLEY DRIVE, CHISELHURST, EAST LONDON.
- Date: 15th July 2026.
- Time: 10:00am
- Venue: On site.
- Viewing: By Appointment or one hour before auction.
ID & proof of residence required for registration.
WATCH THE YOUTUBE VIDEO HERE
AUCTIONEERS NOTE – HIGH DEMAND POSITION. FULLY LET, PRODUCING AN EXCELLENT INCOME STREAM.
Positioned in an exceptional, high-demand position less than one kilometre from Vincent Park, this fully let block of flats presents a rare investment opportunity. Zoned Residential 5 and offering approximately 950m² of double-storey improvements, the property comprises ten spacious units, including eight two-bedroom flats and two one-bedroom flats.
Built with solid old-school construction quality, the property is exceptionally secure with palisade fencing and boundary walls surrounding the property. The low-maintenance grounds are predominantly concreted, making management and upkeep simple and cost-effective.
Each unit benefits from its own prepaid electricity meter and separate water meter, while basement parking is provided for every tenant. The spacious two-bedroom units range from approximately 80m² to 90m², while the one-bedroom units measure approximately 60m².
The property enjoys a prime position close to schools, the Vincent CBD, SARS, and various government institutions, ensuring consistent tenant demand. The eight two-bedroom units generate a gross rental of R7100.00 each per month, while the two one-bedroom units generate R5300.00 each per month.
With a replacement cost approaching R16 000 000.00 and a strong income stream already in place, this neat and well-maintained property represents an outstanding opportunity for investors seeking a quality, income-producing asset in a sought-after location.
Comprehensive property documentation, including the professional valuation, zoning certificate, and SG diagram, can be viewed on our website.
Contact Justin Rohtbart For More Information – 083 789 2550.
SELLER DISCLOSURE:
BCM INVOICE:
PROFESSIONAL VALUATION:
RENTAL SCHEDULE:
TERMS:
10% DEPOSIT, AUCTIONEERS COMMISSION & ADVERTISING COSTS PAYABLE ON THE FALL OF THE HAMMER. Full terms & conditions of auction available for inspection at our office. Subject to change without notice. Right of admission reserved.
