NEWLY DEVELOPED BUILDING - ULTRA-MODERN.
A+ GRADE RESIDENTIAL BUILDING IN ARCADIA.
OCCUPIED BY NORMAL FAMILIES AND GOVERNMENT EMPLOYEES.
100% OCCUPANCY WITH WAITING LIST.
ALL MUNICIPAL ACCOUNTS UP TO DATE.
FULL MAINTENANCE PLAN TO KEEP THE PROPERTY AS A-GRADE.
SCHINDLER LIFTS IN WORKING CONDITION AND UPGRADED.
FULL TITLE BUILDING: TRANSFER DUTY PAYABLE (+-11%)
NOT VAT REGISTERED.
CURRENT GROSS INCOME: R6 320 0000.00 PER ANNUM
CURRENT NET INCOME: R4 425 000.00 000.00 PER ANNUM
56 X APARTMENTS WITH OWN KITCHEN, LIVING ROOM AND BATHROOM.
56 X 2 BEDROOMS APARTMENTS (60M2)
PARKINGS:
90 X PARKINGS UNDERNEATH BUILDING
IMPRESSIVE ENTRANCE WITH SECURITY REPORTING COUNTER AND OFFICE.
STUDENT ACCOMMODATION POTENTIAL:
224 X STUDENT BEDS
(4 X STUDENTS IN A 1 BEDROOM; 4 X STUDENTS IN A 1.5 BED; 5 X STUDENTS IN A 2 BED)
8M2 PER SINGLE ROOM MINIMUM; 14M2 PER SHARING ROOM AS PER NSFAS REQUIREMENT)
LARGE ERF WITH SPACE FOR STUDENT ACCOMMODATION FACILITIES, LIKE LAUNDRY, ENTERTAINMENT, STUDY, KIOSK AND GYM.
LOCATION: 2.4M TO UP PRINSHOF; 3.2KM TO STEVE BIKO ACADEMIC; 2.5KM TO TVET/TUT
R11 200 000.00 POTENTIAL STUDENT GROSS INCOME P/A
OPPOSITE UNION BUILDING - EXCEPTIONAL ATTRIBUTION FOR STUDENTS TO EXERCISE AND RELAX.
SELLER REQUIREMENT: PROOF OF AT LEAST 10% DEPOSIT AND 11% FOR TRANSFER COSTS
NO ACCESS WILL BE GIVEN WITHOUT THIS.