FULL TITLE RESIDENTIAL COMPLEX FOR SALE
Entity is registered for VAT.
ZERO VAT TRANSFER possible if Purchaser entity is registered for VAT.
Purchase Price DOES NOT include VAT.
UPSIDE: DEVELOPMENT OPPORTUNITY FOR 200 ADDITIONAL UNITS
DESCRIPTION
Residential Complex in Silverton (Colbyn Valley Nature Area) opposite Medicross.
76 X Units with kitchen, bathroom, bedroom and parking.
Beautiful open parks with ample space to park - massive stand with established garden.
Totally fenced.
Well maintained, fully tiled and painted.
Great architecture to optimize space.
LOCATION
- Corner stand on Pretoria Road in Silverton
- Opposite shopping center with all vital amenities
- Safe area on bus route to CBD and East
- Right opposite Medicross
- Zero VAT Transfer
SPECIFICATIONS
- 76 x apartments (zoned for another 200 x units)
- 107 x parkings
CONFIGURATION and APPROPRIATE RENT
- 65 X 1 BEDROOM UNITS (28m2) R4 000.00
- 4 x BACHELOR UNITS (20m2) R3 300.00
- 2 x 1 BEDROOM UNITS (42m2) R4 800.00
- 4 x 2 BEDROOM UNITS (39m2) R5 500.00
- 1 x 3 BEDROOM UNITS (47m2) R6 200.00
TOTAL GLA: 2 187m2
ERF SIZE: 1.3 HA (13 000m2)
FINANCES
TOTAL MONTHLY GROSS INCOME +-R380 000.00
COST RECOVERY FROM TENANTS +-R60 000.00
TOTAL GROSS INCOME +-R440 000.00
TOTAL MONTHLY EXPENSES +-R200 000.00
TOTAL MONTHLY NET INCOME +-R240 000.00
REZONING IN PROCESS - APPLICATION SUBMITTED FOR RES 4
- XIV: SPECIAL
- MAXIMUM 6 X LEVELS
- MAXIMUM 280 X UNITS
For the full investment pack, please contact us.
Minimum 10% refundable deposit required.