Commercial for sale at 750 Punctata Street
35 X unit apartment building - student accommodation for 157 x beds no transfer duty
Secure student-living investment in Tileba, Pretoria North — minutes from TUT and Ga-Rankuwa. Thirty-five sectional units with 40 parking bays, fully let and strong net income.
Building Name: BERGHOF
Location: TILEBA - PRETORIA NORTH
Sectional Title Building - all 35 x sections/apartments form part of the sale.
Total Units: 35 X SECTIONAL TITLE UNITS
Configuration and Current rent:
- 17 x TWO BEDROOM APARTMENTS (69M2 - 77M2)
Current rent: R3 950.00 (Market related rent: R4 950.00)
- 13 x LARGE 1.5 BEDROOM APARTMENTS (78M2 - 85M2)
Current rent: R4 200.00 (Market related rent: R5 000.00 to R5 450.00)
- 5 x Medium 1.5 BEDROOM APARTMENTS (62M2 - 63M2)
Current rent: R4150.00 (Market related rent: R4 950.00 to R5 450.00)
40 X PARKINGS
Current NSFAS Grant is R5 000 pm. R50 000.00 Gross per student for 10 months.
CURRENT GROSS MONTHLY RENT: R142 000.00
MARKET RELATED MONTHLY RENT: R174 000.00
CURRENT EXPENSES: +-R53 000,00PM (electricity is prepaid and fully recovered)
CURRENT NET INCOME: +-R86 000.00 (fully let)
VACANCY: 5 TO 10%
If the building and apartments are renovated, market related rent will apply.
Km to Universities: 14,6km to TUT Main Campus
11,5km to Ga-Rankuwa Campus
11km to TVET Rosslyn Campus
21,3km to SMU Main Campus (Medunsa)
This building can accommodate 140 x STUDENTS conservatively. (4 x per apartment)
Transfer Costs: NO TRANSFER DUTY
Bond registration and Transfer cost only +-R300 000.00
Condition of building: Buildings structure is very good. Needs minor maintenance.
Total GLA: 2 647m2
Zoning: SPECIAL (Apartment Building with Business 2)
Total Floors: 3
No lift
Contact me for the full investment pack.
Additional features
Ownership costs
Property history
Listed for sale at R12,500,000
