Block of Flats for auction in Mid Ennerdale, Johannesburg

Investment opportunity: 28 modern flats with rental potential.

Going on Auction: Wednesday 24 June 2026
Reserve Price: R12 000 000.00. (All offers will be reviewed)
Expected Opening Bid: R9 000 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

Twenty-eight flats, modern finishes, secure parking – a prime investment opportunity.

This well-maintained block of flats comprises twenty-eight units, each offering two to three bedrooms, one bathroom, and an open-plan kitchen and lounge with melamine countertops and built-in cupboards (BICs). The interiors feature a combination of laminated and tiled flooring, while the exterior includes a fully paved yard and secure parking for tenants. The property is equipped with burglar bars and 24-hour guarded security, ensuring safety and peace of mind. With a potential rental income of R80 000 per month and vacant possession on transfer, this property presents an excellent income-generating investment opportunity.

Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A “Reserve Price” is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the property’s market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers.