12 Bedroom Apartment / flat on auction in Dawn

6-Unit Apartment Block | Dawn, East London 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: 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.