MEDIUM SIZED A-GRADE BUILDING IN GEZINA WALKING DISTANCE TO UP PRINSHOF

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 800 000.00 PER ANNUM

CURRENT NET INCOME: R1 200 000.00 PER ANNUM

24 X APARTMENTS WITH OWN KITCHEN, LIVING ROOM AND BATHROOM.

MIX:

16 X 1.5 BEDROOMS (75M2)

8 X 2.5 BEDROOMS (85M2)

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.