Brand newly developed building in Silverton!
Incredible saving on maintenance.
PURCHASE PRICE R19 000 000.00 Excluding VAT
DEPOSIT REQUIRED Min 10% refundable for OTP Commitment
TRANSFER OPTIONS VAT Transfer or Transfer Duty outright
ESTIMATED TRANSFER COST 15% VAT or ±1.2,4% transfer duty and costs
CURRENT ANNUAL NETT INCOME ±R1 557 000.00
CURRENT ANNUAL EXPENSES ±R480 000.00
CURRENT ANNUAL NETT YIELD 8%
INVESTMENT OPPORTUNITIES/UPSIDE STUDENT ACCOMMODATION
2?? Property Overview and Sizes
PROPERTY TYPE RESIDENTIAL BUILDING
BUILDING AGE DEVELOPED IN 2024
ERF SIZE 1 727m2
ZONING ZONE 4 RESIDENTIAL,
APARTMENT TOTAL AND MIX 30 X APARTMENTS
6 X BACHELORS (36m2)
24 X 2 BEDROOMS (58m2)
LEVELS GROUND + 3 X RESIDENTIAL FLOORS
PARKING 45 UNDER COVER PARKING
GROSS LETTABLE AREA (with 36% common areas, rooftop entertainment and parking) 2 180m2
NETT LETTABLE AREA (only apartment interior sizes – no common area) 1 608m2
OTHER FACILITIES STOREROOM, CARETAKER CHANGEROOM, BOREHOLE, PLAY AREA 73M2, ROOFTOP ENTERTAINMENT 74M2, LAUNDRY AREA ON EACH FLOOR, GENERATOR, SECURITY CAMERAS AND SCREENS
ACCESS 2 VEHICLE AUTO GATES; 1 PEDESTRIAN GATE WITH BIOMETRIC SYSTEM INSTALLED
SECURITY CCTV, ELECTRIC FENCE, BIOMETRIC GATE
HERITAGE LIMITATION NONE
PROPERTY MANAGEMENT PRIMO PROPERTY MANAGEMENT
MAINTENANCE PLAN BUILDING IS BRAND NEW AND COVERED FOR 5 YEARS UNDER NHBRC. MAINTENANCE ON AN AS AND WHEN BASIS FOR NOW. MINIMAL PAINT NEEDED EVERY 8 TO 10 YEARS. ROOFTOP WATERPROOFING WILL BE DONE EVERY 3 YEARS.
Seller requires a minimum of 10% deposit and proof of transfer duty/VAT on purchase price, before access will be given.
Please enquire for the full investment pack.
