Joburg apartment blocks on sal

Whole apartment blocks for sale in Johannesburg. Image : High Street Auctions

Joburg apartment blocks on sale for as little as R500k…but there’s a catch

Do you fancy owning an entire apartment building in Johannesburg? Here’s your opportunity to do so…complete with illegal tenants in tow.

Joburg apartment blocks on sal

Whole apartment blocks for sale in Johannesburg. Image : High Street Auctions

Two apartment blocks in the Johannesburg suburb of Bellevue are to be auctioned off at bargain prices. Located at 98 and 102 Becker Street respectively in Bellevue, Queens Castle and Prince Castle will soon be sold on auction.


These apartment buildings will be auctioned on 4 November, with bids starting at half-a-million rand each.  Buying the buildings at this price will be a bargain, but both buildings are fully occupied by non-paying tenants…

The new owners will need to come up with a plan for how to get the illegal tenants occupying the buildings to pay up or to vacate the premises. 

Tenants in the buildings live in deplorable conditions since no maintenance or upkeep is carried out by the unofficial owners who pocket the rental income without concern for upkeep.


Downtown Johannesburg is swamped with hijacked buildings that have been overtaken by unscrupulous slumlords who run these places through violence and intimidation. This phenomenon is common in central Johannesburg, where many residential buildings in Hillbrow, Yeoville, Berea, and Bellevue have fallen victim to hijackers.

According to Business Insider,  there were more than 500 “problem buildings” in Johannesburg in 2018. Many of these are classified as hijacked buildings, where slumlords have imposed themselves as the owners of a property and collect the rent and act as body corporates.


The owners of these buildings encounter legal battles as the official owners of the buildings – when confronting the building’s hijackers (slumlords) and evicting illegal tenants.

The tenants pay rental fees to the slumlords at a hugely discounted rate, while municipal bills, taxes, and utilities continue to be charged to the legal owners.


This is a good opportunity for buyers who have the skills and capabilities to deal with the challenges that ownership of such buildings entails. 

Business Insider reports that property prices in the area are increasing with one-bedroom apartments in the neighbourhood currently selling from R 200 000 apiece. Both buildings house 10 apartments each and have a mix of both single and double bedroom units in each.


The eviction of the occupants will be for the purchaser’s cost but all outstanding municipal accounts must be paid up by the seller. 

Tenants, with or without valid lease agreements, are protected, to a certain extent, by the Constitution and Prevention of Illegal Eviction from and Unlawful Occupation of Land Act (19 of 1998) so evictions may prove challenging.