New Redruth | Fully Let 4 Cluster Complex
  • 06 June 2026 | 12h30

Overview

  • 11h30
    Viewing/Registration
  • Onsite Auction
    Auction Type
  • 06 June 2026
    Auction Date
  • 12h30
    Auction Time
  • R7,000,000
    Opening Bid
  • R16,000,000
    Previously Listed At

Property Information


Key Features:

  • 4 x Full Title Cluster Units (Entire Complex)
  • ±300m² Under Roof per Unit
  • Stand Sizes: ±250m² – 280m² per Unit
  • Double-Storey, Face Brick (Low Maintenance)
  • 3 Bedrooms per Unit (Main En-Suite)
  • 2.5 Bathrooms per Unit
  • Open-Plan Lounge, Dining & Kitchen
  • Private Gardens for Each Unit
  • Fully Let – Long-Term Leases in Place
  • High-Demand Rental Node (New Redruth, Alberton)

Property Description:

Located in the highly sought-after suburb of New Redruth, Alberton, this full-title residential investment portfolio presents a rare opportunity to acquire a fully let, income-generating asset with immediate returns and long-term flexibility.

The property comprises four double-storey cluster units offered as one lot on auction. Each unit provides approximately 300m² under roof and is positioned on an individual stand ranging from approximately 250m² to 280m². The face-brick construction supports a low-maintenance ownership profile, making the portfolio well suited to investors seeking durable, practical residential assets.

Each cluster unit features a functional modern layout with an open-plan lounge, dining and kitchen area, a guest bathroom, three bedrooms, including a main en-suite, and an additional bathroom. Private gardens further enhance the tenant appeal of each residence.

The complex is fully tenanted with long-term leases in place, providing stable rental income from day one. Its position in New Redruth, a proven high-demand rental node in Alberton, supports strong tenant retention and ongoing occupancy potential.

A key advantage of this offering is the full-title structure, which allows for the future sale of individual units, creating a clear exit strategy and potential to unlock further value over time. Centrally located close to shopping centres, schools, healthcare facilities and major transport routes, this is a compelling auction opportunity for investors seeking scale, income and future flexibility.

Property Documents Downloads

Padstow Ave, New Redruth Bidders Pack - onsite

Street Address

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