A-GRADE FULL TITLE RESIDENTIAL BUILDING FOR SALE
Twin Buildings on one stand.
*Exclusive Sole Mandate
Selling entity: FULL TITLE COMPLEX. NOT REGISTERED FOR VAT, NO SHARE TRANSFER POSSIBLE.
Area: SUNNYSIDE
Total Units: 65 X APARTMENTS
Unit Mix:
39 X 1.5 BEDROOM (69M2)
26 X 2.5 BEDROOMS (79M2)
Garages/Parking: 54 X PARKINGS OF WHICH 10 ARE LOCKUP GARAGES
Total GLA (excluding common and garage areas): 4 745m2
Stand Size: 3 732m2
Floors: GROUND + 6 in Bislon North and GROUND + 7 in Bislon South
Gross Annual Income: R4 981 800
Average Annual Expenses works out to 30% per month
Net Annual Income: R3 504 969.00
Student Accommodation Model: This building allows for 286 beds.
- 4 x Beds in a 1.5 Bedroom apartment (69m2)
- 5 x Beds in a 2.5 Bedroom apartment (79m2)
Above design and calculation based on 14m2 per sharing room and 8m2 per single room.
Upside possible with more creative subdivision to add an extra bed in a 1.5 bedroom.
* Maximum of 5 x Beds per toilet.
*** Maximum of 8 x Beds per shower.
Maximum 5 x beds per apartment with subdivision.
NSFAS Grant for 2025: R50 000.00pp per annum.
Potential Gross Student accommodation income: R14 300 000.00
Student Accommodation expenses normally run on an average of 50%
Location:
- 2km to TUT ARCADIA CAMPUS
- 4KM TVET MAIN CAMPUS.
- 1.9Km to UNISA SUNNYSIDE CAMPUS.
- 2km to UP MAIN CAMPUS.
Condition of building: Excellent condition. Schindler Lifts serviced monthly by Schindler.
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%
Extras: Caretaker flat on premises with washing lines. 4 x vehicle entrances and 2 x pedestrian entrance.
Slam lock gates at each front door. 2 x Storeroom. 1 x Universal DSTV Dish.
MASSIVE GARDEN AREA BETWEEN THE TWO BUILDINGS.
Seller deposit requirement: 10% (R4 400 000.00)
Transfer Cost: R4 840 000.00 INCLUDING TRANSFER DUTY
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.
