FULL TITLE RESIDENTIAL BUILDING FOR SALE
Selling entity: FULL TITLE SELLER, NOT REGISTERED FOR VAT, NO SHARE TRANSFER POSSIBLE.
Area: GEZINA
Total Units: 24 X APARTMENTS
Unit Mix:
16 X 1 BEDROOM (82M2)
8 X 2.5 BEDROOM (75M2)
Garages/Parking: 32 X PARKINGS OF WHICH 8 ARE LOCKUP GARAGES
Total GLA (excluding common areas): 1 912m2
Stand Size: 1 847m2
Floors: GROUND + 4
Gross Annual Income: R1 807 000.00
Net Annual Income: R1 200 000.00
Student Accommodation Model: This building allows for 104 beds. (Conservatively)
4 x Students in a 1.5 Bedroom flat
5 x Students in a 2.5 Bedroom flat
NSFAS Grant for 2026: R5 000.00pp
Location:
850m to TUT/TVET Arcadia
400m to STEVE BIKO ACADEMIC HOSPITAL.
660m to UP Prinshof
Ideal for students and medical personnel 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% - 1%
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.
To view this property, please provide proof of 10% deposit + 12.5% transfer Cost:
Seller deposit requirement: 10% (R1 600 000.00)
Transfer Cost: 12.5% ( +-R1 920 000.00)
