Property Details
1. Majuba Building | Prime Investment Opportunity on Pretorius Street, Arcadia, Pretoria
Presenting the Majuba Building, a premier 3,828 square meter investment property located on the highly sought-after Pretorius Street in Arcadia, Pretoria. This well-positioned building comprises 173 modern units and is currently occupied by 365 students. With a diverse range of accommodation options, including bachelor units, 2-bedroom units, and 4-bedroom units, the property offers a flexible and lucrative opportunity for investors seeking student accommodation in a prime location.
Property Overview:
• Total Area: 3,828 m²
• Units: 173 units, including:
• 107 Bachelor Units (15 m² to 20 m²)
• 63 One-Bedroom Units (30 m² to 40 m²)
• Current Occupancy: 365 students, with NSFAS lease agreements in place for 400 students.
• Monthly Rental Income: R4,500 per student, with an 11-month lease cycle.
• Refurbished Units: Stylish and cost-effective bachelor and one-bedroom apartments that have been newly refurbished for modern urban living.
• No Transfer Duty: A significant benefit for investors, as there is no transfer duty applicable.
• Sectional Title Scheme: The property is set up as a sectional title scheme, with units valued under R1,100,000, aligning with the new threshold for exemption.
• Student Accommodation: Currently occupied by 400 TUT NSFAS students, with the owner in the process of securing approval for 500 beds at TUTEH.
Key Features and Amenities:
• 24-Hour Security: Enhanced safety with access control, surveillance, and secure parking.
• Basement Parking: Convenient and secure parking for tenants and visitors.
• Public Transport Access: The building’s location on Pretorius Street provides easy access to taxis and bus routes, with the TUT bus stop directly in front of the building, making it ideal for students.
• Proximity to Key Amenities:
• SunCardia Shopping Centre
• Nedbank Plaza
• Sterland Cinema
• Fast food outlets like McDonald's, KFC, and Romans Pizza
• Close to the Union Buildings, as well as colleges and universities in Sunnyside, Arcadia, and Pretoria Central.
Building Features:
• Elevator: The property is equipped with a Kone lift serviced by EMC, ensuring easy access to all floors.
• Coin-Operated Laundry: A laundry room on-site equipped with coin-operated machines, adding convenience for tenants.
• Energy Efficiency: The building is equipped with a heat pump system, replacing traditional geysers, significantly reducing electricity consumption.
• High-Speed Wi-Fi: Uncapped Wi-Fi is available throughout the building, enhancing the appeal for student residents.
• Communal Entertainment Area: A spacious area for residents to relax and socialize.
• Iconic Artwork: The building features incredible graphic art by the legendary artist Zesta, adding a unique and vibrant touch to the property.
Location Benefits:
The Majuba Building is strategically located in one of Pretoria's most desirable areas, offering both convenience and easy access to main arterials such as Church Street, the N1 and N4 highways, Park Street, and Hamilton Street. With neighboring suburbs such as Hatfield, Sunnyside, and Pretoria Central, this location provides a central hub for students, professionals, and businesses alike.
Investment Opportunity:
Majuba Building represents a unique and secure investment opportunity, offering a high-capacity student accommodation building with a stable income stream, thanks to existing NSFAS lease agreements. With no transfer duty and a well-maintained, newly refurbished property, this is a prime investment in a growing market.
Price: The purchase price excludes VAT.
Don’t miss out on this incredible opportunity. Contact us today to schedule a viewing and explore the potential of this remarkable investment property.