23-Unit Sectional Title Investment Portfolio | Sunnyside, Pretoria

420 & 427 Leyds Street, Sunnyside, Pretoria, Gauteng

Auction date

2026-11-10

Auction time

11:00

Auction location

TBA

Status

Upcoming

About this property

Established income-producing residential investment portfolio comprising 23 sectional-title apartments across four buildings in Sunnyside, Pretoria. The portfolio offers a combined lettable area of 1,315 m² and is sold as a single company. The majority of the apartments have been upgraded and refurbished, with individual electricity and water metering installed in every unit.

Executive summary

Bidding to start from	R4,200,000
Asset Class	Residential sectional-title investment portfolio
Portfolio	23 individual sectional-title units across 4 buildings
Location	Sunnyside, Pretoria
Combined Lettable Area	1,315 m²
Parking	18 parking bays
Current Occupancy	Consistently at or near full occupancy
Annualised Rental Income	R1,138,868
Direct Net Operating Income	R629,045
Direct NOI Margin	55.2%
Sale Method	Public Auction

Key investment highlights

✓ 23 sectional-title apartments across 4 buildings
✓ Debt-free acquisition with no bond liabilities
✓ All 23 units already transferred into the selling company
✓ Combined lettable area of 1,315 m²
✓ Annualised rental income of approximately R1.14 million
✓ Direct annualised NOI of approximately R629,000
✓ Individual electricity and water meters in every unit
✓ Valid Electrical Certificate of Compliance for all 23 apartments
✓ Majority of apartments already upgraded and refurbished
✓ 18 allocated parking bays across the portfolio
✓ Comprehensive inspection reports and maintenance histories available
✓ Established bookkeeping service can continue after acquisition
✓ Located in established high-density Sunnyside, Pretoria

Auction Terms

FICA	ID, proof of residence, and letter of authority required to sign on behalf of a juristic entity.
Purchaser's Deposit	5% of purchase price payable immediately on fall of the hammer. Non-refundable.
Commission	10% + VAT over and above the bid price, payable by the purchaser. Non-refundable.
VAT / Transfer Duty	Seller VAT registered. VAT or Transfer Duty payable as applicable.
Confirmation Period	5 business days
Guarantee Period	Within 30 calendar days from acceptance
Transfer Attorney	TBA
General	CPA 2008 applies. Rules of auction available on request. Auctioneer may bid to reserve. Subject to change without notice.

In accordance with industry best practice, Aldes Auctions will present the seller with the highest bid achieved at the auction for acceptance and will not accept any counter offers during this confirmation period.