Property features

R 10 000 000

Property Details

A flat in the heart of Johannesburg CBD near MTN taxi rank, Hilbrow hospital, UJ university, Wits university and many colleges.

                                                                             PROPERTY PRICE:

R 10 000 000 NEGOTIABLE TO SERIOUS BUYERS ONLY.

                                                                           PROPERTY INFORMATION AND FEATURES:

*It is a 6 floors building built on a 248 m2 stand, its GLA is +/- 1332m2 with 22 bachelor's apartments and 5 shops.
*It also has 2 towers for MTN and Telkom.
*It is zoned on bussiness1
*Title deeds are in order.

                                                                              PROPERTY ADVANTAGES:

Prime central location within JHB CBD.
*Mixed use, comprising of residential and commercial units.
*Surrounded by student accommodations and hotels which makes it convertible into any of them.
*Multiple tenants and it has potential for advertisement boards and posters on the sideview wall.
*It is currently occupied with tenants.
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                                                                           PROPERTY FINANCIAL RECORDS:
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*22 Bachelor's apartments monthly gross income excluding water and lights cash in R88 000.
*5 Shops monthly gross income excluding water and lights cash in R24 500.

MTN Tower monthly gross income excluding electricity is R8 700
*Telkom Tower monthly income gross income excluding electricity is R5000
Municipality average monthly rates and taxes R6000.

NB: WATER AND ELECTRICITY IS ON THE TENANTS BILLS.