Full Title Newly developed building with 30 x Apartments - PRICE excludes VAT

Brand newly developed building in Silverton!

Incredible saving on maintenance.

PURCHASE PRICE R19 000 000.00 Excluding VAT

DEPOSIT REQUIRED Min 10% refundable for OTP Commitment

TRANSFER OPTIONS VAT Transfer or Transfer Duty outright

ESTIMATED TRANSFER COST 15% VAT or ±1.2,4% transfer duty and costs

CURRENT ANNUAL NETT INCOME ±R1 557 000.00

CURRENT ANNUAL EXPENSES ±R480 000.00

CURRENT ANNUAL NETT YIELD 8%

INVESTMENT OPPORTUNITIES/UPSIDE STUDENT ACCOMMODATION

Property Overview and Sizes

PROPERTY TYPE RESIDENTIAL BUILDING

BUILDING AGE DEVELOPED IN 2024

ERF SIZE 1 727m2

ZONING ZONE 4 RESIDENTIAL,

APARTMENT TOTAL AND MIX 30 X APARTMENTS

6 X BACHELORS (36m2)

24 X 2 BEDROOMS (58m2)

LEVELS GROUND + 3 X RESIDENTIAL FLOORS

PARKING 45 UNDER COVER PARKING

GROSS LETTABLE AREA (with 36% common areas, rooftop entertainment and parking) 2 180m2

NETT LETTABLE AREA (only apartment interior sizes – no common area) 1 608m2

OTHER FACILITIES STOREROOM, CARETAKER CHANGEROOM, BOREHOLE, PLAY AREA 73M2, ROOFTOP ENTERTAINMENT 74M2, LAUNDRY AREA ON EACH FLOOR, GENERATOR, SECURITY CAMERAS AND SCREENS

ACCESS 2 VEHICLE AUTO GATES; 1 PEDESTRIAN GATE WITH BIOMETRIC SYSTEM INSTALLED

SECURITY CCTV, ELECTRIC FENCE, BIOMETRIC GATE

HERITAGE LIMITATION NONE

PROPERTY MANAGEMENT PRIMO PROPERTY MANAGEMENT

MAINTENANCE PLAN BUILDING IS BRAND NEW AND COVERED FOR 5 YEARS UNDER NHBRC. MAINTENANCE ON AN AS AND WHEN BASIS FOR NOW. MINIMAL PAINT NEEDED EVERY 8 TO 10 YEARS. ROOFTOP WATERPROOFING WILL BE DONE EVERY 3 YEARS.

Seller requires a minimum of 10% deposit and proof of transfer duty/VAT on purchase price, before access will be given.

Please enquire for the full investment pack.