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: R5 324 580.00
CURRENT NET PER ANNUM: R3 233 628.00
ANNUAL INCREASE MID-YEAR WITH CPI (4.5%)
STUDENT ACCOMMODATION BUSINESS:
286 X Beds will be allowed if subdivided.
Current NSFAS payment is R50 000.00 per annum.
Potential NSFAS Annual income: R14 300 000.00
Annual increase: +-6%
BROKER BACKGROUND
Started in the industry in 2004, we are a niche brokerage that assist entrepreneurs to start successful and steadily build their income generating property portfolios.
We specialize in inner-city investment stock consisting mainly of blocks of residential apartments, development land, student accommodation and mixed-use buildings in Sunnyside, Arcadia, Pretoria CBD, Silverton, Pretoria West and Hatfield.
We assist entrepreneurs and existing investors not only to acquire buildings, but also to obtain finance, an effective due diligence support, preparation for NSFAS/University accreditation, BOQ, Conversion into student accommodation and sourcing property management.
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.