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R 10 500 000 Bond Calculator | Commercial Property for Sale in Berea

59 Lily Avenue, Berea, Johannesburg

Erf Size: 743 m²

Multi-storey residential block of 32 flats

Yormax Mansions is located in Berea forming part of the outer Johannesburg CBD suburbs. The building has 32 flats in total comprising: 1) 12 x one-bedroom 2) 12 x two-bedroom 3) 8 x three-bedroom flats. In addition, there are also 11 individual rooms plus 3 shops. All 3 shops are occupied and bring in a combined shop rental of R22,570 per month. There are 11 internal parking bays (basement). There is borehole water on the property which generates extra income for the owner. Water and electricity usage is pre-paid for all tenants. The net monthly income of the property is currently around R122,000. When fully let, the net potential income of the property would be around R145,000 per month.

**Transfer duty is payable by the purchaser**


Property Overview

Listing Number
115495468
Type of Property
Commercial Property
Street Address
59 Lily Avenue, Berea
List Date
29 January 2025
Erf Size
743 m²
Floor Area
743 m²
Levies
R 500
Rates and Taxes
R 7 330


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Anton Schulz
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