Building Name: NXTGEN STUDENT ACCOMMODATION
Location: 173 ZEEDERBERG ROAD, ARCADIA. (OPPOSITE UNION BUILDING)
Sectional Title Building: 29 x sections – 30 x apartments. (2 of the apartments are registered on one section)
Total Units: 32 (2 OF THE APARTMENTS ARE JOINT)
Configuration:
- 6 x 8 BEDROOM APARTMENTS (132M2)
- 18 x 7 BEDROOM APARTMENTS (95M2)
- 6 x 5 BEDROOM APARTMENTS (86M2)
- 2 x 4 BEDROOM APARTMENTS (Old office/caretaker apartment converted)
Km to Universities:
3.5km to TUT Main Campus
1.2km to UP Prinshof
1.9km to Steve Biko Academic
900m to TVET and TUT Arcadia
Accredited Student Accommodation facility: 198 x beds
NO-LOADSHEDDING AREA
Fully converted into Student Accommodation with furniture, appliances, laundry, biometric access.
Current Annual Gross Income at max capacity: R11 632 750.00
Current Annual Operational Expenses: 48% of income - R4 946 965.00
Current Net Income at max capacity: R5 400 000.00
Price based on 9% ROI/CAP
Condition of building: Newly renovated and converted for student accommodation.
Building Manager: MidCity
Total GLA: 3 000m2
Zoning: RES 4
Total Floors: 6
Amenities:
270m to BP Garage and 24 hour Convenient store
2.4km to Bosman Str Gautrain/Metro Station
300m to Medical Doctors and facilities
1.9km to Steve Biko Hospital
350m to Sancardia S/c
430m to Arcadia and Glenwood Shopping Centre
400m to Police Staton
400m to Union Buildings
Contact us for the full investment pack and building plans.