PRIME RESIDENTIAL INVESTMENT OPPORTUNITY

Sectional Title Apartment Stack – Amanat Mansions Back Building, Overport

Asking Price:

Balcony Stack – R2,300,000
Standard Stack – R2,200,000

An outstanding opportunity to acquire an entire sectional title apartment stack at Amanat Mansions. Each stack consists of the apartments positioned directly above one another, offering investors a compact residential portfolio with immediate rental income and excellent long-term growth potential.

Situated on Felix Dlamini Road, Overport, this well-located investment is close to schools, places of worship, shopping centres, medical facilities and public transport, ensuring consistent tenant demand throughout the year.

Property Overview

Each stack comprises 5 sectional title apartments.

Available Options

Balcony Stack

• 5 Balcony Units
• Unit Size: 56m² each
• Selling Price: R2,300,000

Standard Stack

• 5 Standard Units
• Unit Size: 54m² each
• Selling Price: R2,200,000

Each Apartment Offers

• 1 Spacious Bedroom
• Separate Lounge
• Entrance Hall
• Kitchen
• Separate Toilet
• Bathroom fitted with a shower and washing machine connection
• Tiled flooring throughout
• Built-in cupboards
• Units are in fair, well-maintained condition

Exterior Features

• Night security
• Motorised entrance gate
• Secure pedestrian access
• Tarred driveway
• One allocated parking bay per apartment
• Fibre connectivity available

The exterior of the building is managed by the Body Corporate, with exterior painting currently under consideration for completion by the end of the year.

Investment Highlights

• Fully tenanted with established occupants
• Current rental per apartment: R4,500 per month
• Approximate gross rental income per stack: R22,500 per month
• Annual rental escalations
• Individual sectional title ownership provides flexibility to retain the portfolio or sell units separately in the future
• Immediate rental income from transfer

Monthly Costs (Per Unit)

• Standard Units: Levy – R1,259
• Balcony Units: Levy – R1,310
• Rates: Approximately R500 per month

Prime Location

Located in the heart of Overport, Amanat Mansions enjoys convenient access to:

• Schools
• Places of worship
• Shopping centres
• Medical facilities
• Public transport
• Major transport routes

Its central location and consistently strong rental demand make this an excellent investment opportunity for buyers seeking a secure, income-producing residential asset.

Asking Price

Balcony Stack – R2,300,000
Standard Stack – R2,200,000

Whether you're expanding your property portfolio or entering the investment market, these fully tenanted sectional title stacks offer immediate returns, long-term capital growth potential and the flexibility of individual unit ownership. Contact us today for further information or to arrange a private viewing.