Commercial for sale at 100 Hamilton Street
Investor-ready rental lifestyle in Arcadia, walking distance to Steve Biko Academic and TUT. 42 apartments with huge student-conversion potential and large erf for communal amenities.
A+ GRADE RESIDENTIAL BUILDING IN ARCADIA FOR SALE.
SECTIONAL TITLEBUILDING - NO TRANSFER DUTY PAYABLE.
NOT VAT REGISTERED.
OCCUPIED BY NORMAL FAMILIES AND GOVERNMENT EMPLOYEES.
LESS THAN 1% VACANCIES.
ALL MUNICIPAL ACCOUNTS UP TO DATE.
FULL MAINTENANCE PLAN TO KEEP THE PROPERTY AS A-GRADE.
SCHINDLER LIFT IN WORKING CONDITION AND UPGRADED.
CURRENT GROSS INCOME: R3 217 000.00 PER ANNUM
CURRENT NET INCOME: R2 040 000.00 PER ANNUM
EXPENSES: R1 176 000.00
42 X APARTMENTS WITH OWN KITCHEN, LIVING ROOM AND BATHROOM.
MIX:
30 X 1.5 BEDROOMS (71M2)
12 X 2.5 BEDROOMS (81M2)
PARKINGS:
2 X PARKING; 37 X GARAGES
STUDENT ACCOMMODATION POTENTIAL:
180 X STUDENT BEDS
(4 X STUDENTS IN A 1 BEDROOM; 4 X STUDENTS IN A 1.5 BED; 5 X STUDENTS IN A 2 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: 1.8M TO UP PRINSHOF; 1.5M TO STEVE BIKO ACADEMIC; 850M TO TVET/TUT
R9 000 000.00 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.
Listed for sale at R28,000,000
Arcadia is a historic, centrally located suburb in Pretoria that offers residents a blend of urban convenience, proximity to government institutions, and easy access to iconic cultural landmarks and green spaces.
