A+ GRADE RESIDENTIAL BUILDING IN ARCADIA FOR SALE.
SECTIONAL TITLEBUILDING - NO TRANSFER DUTY PAYABLE.
NOT VAT REGISTERED.
OCCUPIED BY NORMAL FAMILIES AND GOVERNMENT EMPLOYEES.
LESS THAN 1% VACANCIES.
ALL MUNICIPAL ACCOUNTS UP TO DATE.
FULL MAINTENANCE PLAN TO KEEP THE PROPERTY AS A-GRADE.
SCHINDLER LIFT IN WORKING CONDITION AND UPGRADED.
CURRENT GROSS INCOME: R3 217 000.00 PER ANNUM
CURRENT NET INCOME: R2 040 000.00 PER ANNUM
EXPENSES: R1 176 000.00
42 X APARTMENTS WITH OWN KITCHEN, LIVING ROOM AND BATHROOM.
MIX:
30 X 1.5 BEDROOMS (71M2)
12 X 2.5 BEDROOMS (81M2)
PARKINGS:
2 X PARKING; 37 X GARAGES
STUDENT ACCOMMODATION POTENTIAL:
180 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: 1.8M TO UP PRINSHOF; 1.5M TO STEVE BIKO ACADEMIC; 850M TO TVET/TUT
R9 000 000.00 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.
