BUILDING NAME: LENCOS BUILDING
AGE OF BUILDING: ± 33 YEARS
LOCATION: 288 KGOSI MAMPURU STREET, PRETORIA CENTRAL, COT
PRICE: R3 200 000.00
TRANSFER COST OPTIONS: DEEDS OFFICE TRANSFER (PROPERTY IN NATURAL NAMES, NO VAT)
TOTAL UNITS IN BUILDING: 6 x Residential Apartments, 2 x Retail Shops. Ground floor has 2 x shops and
Floor 1 and 2 has 3 x apartments each.
MIX OF UNITS AND SIZES: 8 x UNITS IN TOTAL
6 x Residential Apartments
Flat 1: Bachelor flat (37m2)
Flat 2: 1 Bedroom flat (58m2)
Flat 3: 1 Bedroom flat (68m2)
Flat 4: Bachelor flat (37m2)
Flat 5: 1 Bedroom flat (58m2)
Flat 6: 1 Bedroom flat (68m2)
2 x Retail Shops
Shop 1: 280m2 (vehicle workshop with toilet and kitchenette)
Shop 2: 118m2 (convenient store with toilet and kitchen)
ELECTRICITY AND WATER: ELECTRICITY PRE-PAID METERS IN EACH UNIT. WATER BILLED TO EACH TENANT
PARKINGS AND GARAGES: 4 X PARKING FOR SHOPS. PUBLIC PARKING OPTIONS IN AREA
S/Q AND STOREROOMS: NONE
VACANCIES: 0%
ERF SIZE: 545M2
TOTAL LETTABLE AREA: 724M2
GROSS INCOME PA: R640 262.52
CURRENT EXPENSES PA: +-R185 712.00
CURRENT NET INCOME PA: +-R454 550.52
CURRENT TYPE OF TENANT: NORMAL WORKING FAMILIES (NOT STUDENTS)
PERMANENT EMPLOYEES: ONE TEMPORARY CLEANER/CARETAKER
ESTIMATED STUDENT BEDS: 20 X BEDS CONSERVATIVELY (SOFT CONVERSION)
4 X Beds in a 1 Bedroom; 2 x Beds in a Bachelor
(8M2 FOR SINGLE ROOMS; 14M2 FOR SHARING ROOMS)
LOCATION FOR STUDENT ACCOMMODATION: 150M TO TVET SOUTH CAMPUS
± STUDENT NETT INCOME: 20 X R5 000.00 = R100 000.00 PM X 10 MONTHS PER ANNUM
R1 000 000.00 GROSS INCOME P/A
± STUDENT CONVERSION COST: +-R200 000.00
(±R10 000.00 PER STUDENT – INCLUDES FURNITURE, APPLIANCES, LAUNDRY, CURTAINS)