A-GRADE FULL TITLE RESIDENTIAL BUILDING FOR SALE
Twin Buildings on one stand.
***Exclusive Sole Mandate
Selling entity: FULL TITLE COMPLEX. NOT REGISTERED FOR VAT, NO SHARE TRANSFER POSSIBLE.
Area: SUNNYSIDE
Total Units: 65 X APARTMENTS
Unit Mix:
39 X 1.5 BEDROOM (69M2)
26 X 2.5 BEDROOMS (79M2)
Garages/Parking: 54 X PARKINGS OF WHICH 10 ARE LOCKUP GARAGES
Total GLA (excluding common and garage areas): 4 745m2
Stand Size: 3 732m2
Floors: GROUND + 6 in Bislon North and GROUND + 7 in Bislon South
Gross Annual Income: R4 981 800
Average Annual Expenses works out to 30% per month
Net Annual Income: R3 504 969.00
Student Accommodation Model: This building allows for 286 beds.
- 4 x Beds in a 1.5 Bedroom apartment (69m2)
- 5 x Beds in a 2.5 Bedroom apartment (79m2)
Above design and calculation based on 14m2 per sharing room and 8m2 per single room.
Upside possible with more creative subdivision to add an extra bed in a 1.5 bedroom.
*** Maximum of 5 x Beds per toilet.
*** Maximum of 8 x Beds per shower.
Maximum 5 x beds per apartment with subdivision.
NSFAS Grant for 2025: R50 000.00pp per annum.
Potential Gross Student accommodation income: R14 300 000.00
Student Accommodation expenses normally run on an average of 50%
Location:
- 2km to TUT ARCADIA CAMPUS
- 4KM TVET MAIN CAMPUS.
- 1.9Km to UNISA SUNNYSIDE CAMPUS.
- 2km to UP MAIN CAMPUS.
Condition of building: Excellent condition. Schindler Lifts serviced monthly by Schindler.
All fire equipment certified.
Management: Well managed with no Council debt. 24-hour caretaker on site.
Security: 24-Hour HighRisk Security Guards as service provider.
Average Vacancy: 0%
Extras: Caretaker flat on premises with washing lines. 4 x vehicle entrances and 2 x pedestrian entrance.
Slam lock gates at each front door. 2 x Storeroom. 1 x Universal DSTV Dish.
MASSIVE GARDEN AREA BETWEEN THE TWO BUILDINGS.
Seller deposit requirement: 10% (R4 400 000.00)
Transfer Cost: R4 840 000.00 INCLUDING TRANSFER DUTY