RENOVATED RESIDENTIAL BUILDING FOR SALE IN SUNNYSIDE - NO LOADSHEDDING

Large A-Grade Residential building for sale in Sunnyside - Pretoria.

NEWLY PAINTED AND RENOVATED BY THE OWNER.

- Erf is extra-large (2 574m2) with garden space where tenants can enjoy the outdoors.

- 63 x Apartments in total.

- 7 x Bachelors (46m2); 42 x 1.5 Bedrooms (69m2); 14 x 2 Bedrooms (83m2)

- 58 x Parkings: 2 x Open Parkings; 40 x Undercover parkings; 16 x Lockup Garages.

- Loadshedding Free area.

- Caretaker flat extra with a bedroom, kitchen, bathroom and dining area.

- Washing Line area with neat dustbin area.

- 2 x Newly revamped Schindler lifts.

- Security counter and office with reception foyer.

- Water Reservoirs on the rooftop as backup.

- Fire equipment and lift with Health and Safety COC.

- Full time caretaker who stays on premises - does gardening, cleaning and caretaking.

- Security is outsourced.

- Brilliantly located on the A Re Yeng Bus station literally 250m from the building.

- All amenities like schools, hospitals, shops, churches, are all within 1km radius.

CURRENT GROSS INCOME PER ANNUM: R4 570 000.00

EXPENSES 35% CURRENT NET PER ANNUM: R2 815 000.00

ANNUAL INCREASE MID-YEAR WITH CPI (5.5%)

STUDENT ACCOMMODATION BUSINESS:

266 X Beds will be allowed if subdivided.

Current NSFAS payment is R60 000.00 per annum.

Potential NSFAS Annual income: R15 960 000.00

Annual increase: +-6%

Blue Square Properties will assist buyers with the Student Accommodation Business and Accreditation Process.