Commercial for sale at 1870 Arcadia Street
Investor-ready building in Arcadia, steps from UP Medical and 2km to TUT/TVET — ideal for student rentals, featuring 20 extra-large bachelor units with kitchens, lift and seven covered parkings.
FULL TITLE BUILDING FOR SALE
BRILLIANT LOCATION - 2KM to TUT and TVET in Arcadia
20 X EXTRA LARGE BACHELOR UNITS - each with own bathroom and kitchen
WITH OFFICE RIGHTS
AGE OF BUILDING: ± 65 YEARS
PRICE: R13 000 000.00
TRANSFER COST OPTIONS: PROPERTY TRANSFER WITH THE PMT OF 10% TRANSFER DUTY
TOTAL UNITS IN BUILDING: 20
FLOORS: 4 x RESIDENTIAL LEVELS
LIFT: 1 X SCHINDLER LIFT
MIX OF UNITS AND SIZES: BACHELORS X 20 UNITS (50M2)
ZONING: SPECIAL RESIDENTIAL WITH OFFICE RIGHTS
PRE-PAID METERS: ELECTRICITY PRE-PAID METERS IN EACH UNIT
PARKINGS AND GARAGES: 7 UNDER COVER PARKINGS (EACH LET AT R600.00 PM)
S/Q AND STOREROOMS: 1 X SERVANTS QUARTER AND 1 X STOREROOM
ERF SIZE: 910M2
GLA: 1000M2
GROSS INCOME PM: R123 000.00
CURRENT EXPENSES PM: +-R25 000.00 on average
Cleaner/Caretaker: R5 400.00
Night Guard: R4 875.80
Insurance: R1 175.48
Schindler’s Lift: R2 418.62
Municipal Account: +-R12 000.00 (Winter months +-R15 000.00)
CURRENT TYPE OF TENANT: WORKING PEOPLE, GOVERNMENT AND HOSPITAL EMPLOYEES
PERMANENT EMPLOYEES: ONE CLEANER/CARETAKER @ R5 000.00PM
ESTIMATED STUDENT BEDS: WITH SUBDIVISION, 4 X BEDS PER FLAT X 20 = 80 X BEDS
(8M2 FOR SINGLE ROOMS; 14M2 FOR SHARING ROOMS)
± STUDENT GROSS INCOME: 80 X R4 500.00 = R400 000.00 PM
(R5 000.00 X BEDS ALLOWED MINUS 50% EXPENSES WILL BE R200 000.00 NETT PM)
± STUDENT CONVERSION COST: R800 000.00
(±R10 000.00 PER STUDENT – INCLUDES FURNITURE, APPLIANCES, LAUNDRY, CURTAINS)
DISTANCE TO UNIVERSITIES:
UP 700M TO UP BASIC MEDICAL SCIENCE CAMPUS (STEVE BIKO)
TUT MAIN CAMPUS 6.6KM
TUT ARCADIA CAMPUS 2 KM
TVET MAIN CAMPUS 2KM
UNISA CAMPUS 3.8KM
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 R11,850,000
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.
