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Walkable student living steps from TUT Arcadia, offering 24-hour security, on-site caretaker and communal garden with play area — 63 apartments accommodating up to 266 beds.
FULL TITLE RESIDENTIAL BUILDING FOR SALE
Name of Building: AVRIL
Selling entity: FULL TITLE SELLER, NOT REGISTERED FOR VAT, NO SHARE TRANSFER POSSIBLE.
Area: SUNNYSIDE
Total Units: 63 X APARTMENTS
Unit Mix:
7 X BACHELORS (46M2)
52 X 1.5 BEDROOM (69M2)
8 X 2 BEDROOM (83M2)
Garages/Parking: 56 X PARKINGS OF WHICH 16 ARE LOCKUP GARAGES
Total GLA (excluding common areas): 4 382m2
Stand Size: 2 547m2
Floors: GROUND + 7
Gross Annual Income: R4 330 445.00
Net Annual Income: R2 800 000.00
Student Accommodation Model: This building allows for 266 beds.
NSFAS Grant for 2026: R60 000.00 per student per annum.
Location: 1.77km to TUT ARCADIA CAMPUS AND TVET MAIN CAMPUS. Ideal for students to walk.
Condition of building: Excellent condition. Lift serviced monthly. All fire equipment certified.
Management: Well managed with no Council debt. 24-hour caretaker on site.
Security: 24-Hour HighRisk Security Guards as service provider.
Average Vacancy: 0% - 3% with tenant waiting list.
Extras: Caretaker flat on premises with washing lines. 2 x vehicle entrances and 1 x pedestrian entrance
Slam lock gates at each front door. 1 x Storeroom. 1 x Universal DSTV Dish. Garden with play area for kids.
Seller deposit requirement: 10% (R4 300 000.00)
Transfer Cost: +-R4 730 000.00
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R43,000,000
Sunnyside is a vibrant, centrally located suburb offering a mix of residential options and convenient access to amenities, making it appealing to students, young professionals, and those seeking urban living.
* Distances and amenities are approximate.
