A+ GRADE RESIDENTIAL BUILDING IN GEZINA.
This property is sold as a cluster with a neighbouring property for R53M.
Please enquire with us on the detail of the 2nd property.
In total for both properties: R83M.
Two adjacent buildings with dropped fences and shared security point.
Owner prefers to sell both buildings together.
OCCUPIED BY NORMAL FAMILIES.
LESS THAN 1% VACANCIES.
ALL MUNICIPAL ACCOUNTS UP TO DATE.
FULL MAINTENANCE PLAN TO KEEP THE PROPERTY AS A-GRADE.
SCHINDLER LIFTS IN WORKING CONDITION AND UPGRADED.
FULL TITLE BUILDING: TRANSFER DUTY PAYABLE (+-11%)
NOT VAT REGISTERED.
CURRENT GROSS INCOME: R3 440 000.00 PER ANNUM
CURRENT NET INCOME: R2 400 000.00 PER ANNUM
48 X APARTMENTS WITH OWN KITCHEN, LIVING ROOM AND BATHROOM.
MIX:
24 X 1 BEDROOMS (63M2)
12 X 1.5 BEDROOMS (65M2)
12 X 2.5 BEDROOMS (82M2)
PARKINGS:
26 X PARKING; 19 X GARAGES
STUDENT ACCOMMODATION POTENTIAL:
204 X STUDENT BEDS
(4 X STUDENTS IN A 1 BEDROOM; 4 X STUDENTS IN A 1.5 BED; 5 X STUDENTS IN A 2.5 BED)
8M2 PER SINGLE ROOM MINIMUM; 14M2 PER SHARING ROOM AS PER NSFAS REQUIREMENT)
LARGE ERF WITH SPACE FOR STUDENT ACCOMMODATION FACILITIES, LIKE LAUNDRY, ENTERTAINMENT, STUDY, KIOSK AND GYM.
LOCATION: 900M TO UP PRINSHOF; 600M TO STEVE BIKO ACADEMIC HOSPITAL; 2.7KM TO TUT AND TVET
R10 2 000.00 POTENTIAL STUDENT GROSS INCOME P/A
SELLER REQUIREMENT: PROOF OF AT LEAST 10% DEPOSIT AND 11% FOR TRANSFER COSTS
NO ACCESS WILL BE GIVEN WITHOUT THIS.
DISCLAIMER:
We made every effort to ensure the accuracy of the information on this property at the time of listing.
It is advised that the purchaser does a thorough due diligence to verify the information.
Should any cost or detail change, the broker cannot be held liable for any omissions, errors or differences.