Commercial for sale at 527 Adcock Street
Investor-ready urban block offering reliable rental income and prime campus living, steps from UP Prinshof and Steve Biko. Features 24 apartments, student-accommodation potential and onsite parking.
MEDIUM SIZED A+ GRADE RESIDENTIAL BUILDING IN GEZINA.
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: R1 900 600.00 PER ANNUM
CURRENT NET INCOME: R1 265 000.00 PER ANNUM
24 X APARTMENTS WITH OWN KITCHEN, LIVING ROOM AND BATHROOM.
MIX:
16 X 1.5 BEDROOMS (75M2) LET @ R6200.00 PM
8 X 2.5 BEDROOMS (85M2) LET @ R7 000.00 PM
PARKINGS:
24 X U/C PARKING; 8 X GARAGES
STUDENT ACCOMMODATION POTENTIAL:
104 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: 660M TO UP PRINSHOF; 400M TO STEVE BIKO ACADEMIC; 2.5KM TO TVET/TUT
R5 200 000.00 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 R16,000,000
Gezina is a well-established, centrally located residential suburb in Pretoria that offers residents convenient access to major transport routes, essential amenities, and a variety of affordable housing options.
