Building Name: BERGHOF
Location: TILEBA - PRETORIA NORTH
Sectional Title Building - all 35 x sections/apartments form part of the sale.
Total Units: 35 X SECTIONAL TITLE UNITS
Configuration and Current rent:
- 17 x TWO BEDROOM APARTMENTS (69M2 - 77M2)
Current rent: R3 750.00 (Market related rent: R5 000.00 to R5 900.00)
- 13 x LARGE 1.5 BEDROOM APARTMENTS (78M2 - 85M2)
Current rent: R3 800.00 (Market related rent: R5 000.00 to R6 500.00)
- 5 x Medium 1.5 BEDROOM APARTMENTS (62M2 - 63M2)
Current rent: R3 500.00 (Market related rent: R3 900.00 to R4 500.00)
40 X PARKINGS
Current NSFAS Grant is R5 000 pm. R50 000.00 pa.
CURRENT GROSS MONTHLY RENT: R142 000.00
MARKET RELATED MONTHLY RENT: R185 000.00
CURRENT EXPENSES: +-R60 000,00PM
CURRENT NET INCOME: +-R82 000.00
MARKET RELATED INCOME: +-R125 000.00
If the building and apartments are renovated, market related rent will apply.
Km to Universities: 14,6km to TUT Main Campus
11,5km to Ga-Rankuwa Campus
21,3km to SMU Main Campus (Medunsa)
This building can accommodate 164 x STUDENTS.
Transfer Costs: NO TRANSFER DUTY
Bond registration and Transfer cost only +-R300 000.00
Expenses on Student Accommodation: Budget for 40% of income
Current Vacancy: 2% to 5% while seller upgrades apartment for the next tenant
Condition of building: Buildings structure is very good. Needs minor maintenance.
Total GLA: 2 647m2
Zoning: RES 4
Total Floors: 3
No lift
Contact me for the full investment pack.