A+ GRADE RESIDENTIAL BUILDING IN GEZINA.
OCCUPIED BY NORMAL FAMILIES.
LESS THAN 1% VACANCIES.
ALL MUNICIPAL ACCOUNTS UP TO DATE.
FULL MAINTENANCE PLAN TO KEEP THE PROPERTY AS A-GRADE.
SCHINDLER LIFTS IN WORKING CONDITION AND UPGRADED.
***ROOFTOP SPACE LEASED TO CELL PHONE TOWER SUPPLIERS.
FULL TITLE BUILDING: TRANSFER DUTY PAYABLE (+-11%)
NOT VAT REGISTERED.
CURRENT GROSS INCOME: R5 137 000.00 PER ANNUM
CURRENT NET INCOME: R3 600 000.00 PER ANNUM
65 X APARTMENTS WITH OWN KITCHEN, LIVING ROOM AND BATHROOM.
1 X CARETAKER APARTMENT WITH BATHROOM, LIVING AREA AND KITCHEN.
MIX:
13 X 1 BEDROOMS (68M2)
26 X 1.5 BEDROOMS (70M2)
26 X 2 BEDROOMS (83M2)
PARKINGS:
61 X PARKING; 11 X GARAGES
STUDENT ACCOMMODATION POTENTIAL:
286 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: 1KM TO UP PRINSHOF
R14 300 000.00 POTENTIAL STUDENT GROSS INCOME P/A
SELLER REQUIREMENT: PROOF OF AT LEAST 10% DEPOSIT AND 11% FOR TRANSFER COSTS
NO ACCESS WILL BE GIVEN WITHOUT THIS.