Commercial for sale at 541 Adcock Street
A+ grade building for sale in gezina
Hassle-free, cash-flowing investment 1km from UP Prinshof in Gezina — full-title A-grade block with rooftop cell-tower income and strong student-conversion potential.
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.
***ROOFTOP SPACE LEASED TO CELL PHONE TOWER SUPPLIERS.
FULL TITLE BUILDING: TRANSFER DUTY PAYABLE (+-11%)
NOT VAT REGISTERED.
CURRENT GROSS INCOME: R5 526 000.00 PER ANNUM
CURRENT NET INCOME: R3 661 000.00 PER ANNUM
65 X APARTMENTS WITH OWN KITCHEN, LIVING ROOM AND BATHROOM.
1 X CARETAKER APARTMENT WITH BATHROOM, LIVING AREA AND KITCHEN.
MIX:
13 X 1 BEDROOMS (68M2)
26 X 1.5 BEDROOMS (70M2)
26 X 2 BEDROOMS (83M2)
PARKINGS:
61 X PARKING; 11 X GARAGES
STUDENT ACCOMMODATION POTENTIAL:
286 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: 1KM TO UP PRINSHOF
R14 300 000.00 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.
Additional features
Ownership costs
Property history
Listed for sale at R43,000,000
