Large A-Grade Residential building for sale in Sunnyside - Pretoria.
NEWLY PAINTED AND RENOVATED BY THE OWNER.
- Erf is extra-large (2 574m2) with garden space where tenants can enjoy the outdoors.
- 63 x Apartments in total.
- 7 x Bachelors (46m2); 42 x 1.5 Bedrooms (69m2); 14 x 2 Bedrooms (83m2)
- 58 x Parkings: 2 x Open Parkings; 40 x Undercover parkings; 16 x Lockup Garages.
- Loadshedding Free area.
- Caretaker flat extra with a bedroom, kitchen, bathroom and dining area.
- Washing Line area with neat dustbin area.
- 2 x Newly revamped Schindler lifts.
- Security counter and office with reception foyer.
- Water Reservoirs on the rooftop as backup.
- Fire equipment and lift with Health and Safety COC.
- Full time caretaker who stays on premises - does gardening, cleaning and caretaking.
- Security is outsourced.
- Brilliantly located on the A Re Yeng Bus station literally 250m from the building.
- All amenities like schools, hospitals, shops, churches, are all within 1km radius.
CURRENT GROSS INCOME PER ANNUM: R4 570 000.00
EXPENSES 35% CURRENT NET PER ANNUM: R2 815 000.00
ANNUAL INCREASE MID-YEAR WITH CPI (5.5%)
STUDENT ACCOMMODATION BUSINESS:
315 X Beds will be allowed if subdivided.
Current NSFAS payment is R50 000.00 per annum.
Potential NSFAS Annual income: R15 750 000.00
Annual increase: +-6%
Blue Square Properties will assist buyers with the Student Accommodation Business and Accreditation Process.