Investment Opportunity – Marshall Yards, Marshalltown

An exceptional opportunity to acquire a substantial 248-unit residential investment strategically positioned in Marshalltown, Johannesburg, comprising two complementary residential components with a combined scheduled gross income of approximately R1.04 million per month / R12.45 million per annum.

The property comprises two distinct phases, offering investors both diversified residential income and a fully occupied bulk-leased component.

Key Property Highlights
248 residential units
145-unit Phase 1
103-unit Phase 2
±R1.04 million scheduled gross monthly income
±R12.45 million annualised gross income
Phase 2 100% occupied
103 units leased to a single corporate tenant
6% annual escalation reflected on Phase 2 leases
Phase 1 comprises 1- and 2-bedroom apartments
Phase 1 offers a diversified residential tenant base
Central Marshalltown, Johannesburg location
Existing income-producing residential investment
Significant scale with multiple income streams
Investment Overview

Phase 1 comprises 145 residential units, consisting of 77 two-bedroom and 68 one-bedroom apartments. The tenancy schedule records current gross monthly income of approximately R434,722, with reported occupancy of 80.67%, inclusive of future leases.

Phase 2 comprises 103 residential units, including one- and two-bedroom accommodation together with studio units. The entire component is reflected as 100% occupied, with Staruts Construction & Projects Pty Ltd as the tenant across the schedule. Current gross monthly income is approximately R602,571, with leases reflecting a 6% escalation and expiry dates extending to March 2027.

Together, the two phases provide a substantial residential investment with scheduled gross income of approximately R1,037,293 per month, equivalent to approximately R12.45 million per annum based on the June 2026 tenancy schedules.

Location

Marshall Yards is situated in Marshalltown, Johannesburg, within the Johannesburg CBD environment and benefits from its established urban location and access to the broader CBD transport, commercial and residential infrastructure.

Investment Proposition

Marshall Yards presents an opportunity to acquire a sizeable income-producing residential portfolio at scale, combining diversified residential accommodation in Phase 1 with a fully occupied bulk-leased component in Phase 2.

The property is suited to investors seeking an established residential income stream with potential for further optimisation through the management of vacancy within Phase 1 and continued retention of the Phase 2 bulk tenancy.