R 43 000 000
| Commercial Property for Sale in Gezina
Floor Plan
66
A+ grade building for sale in gezina
A+ grade residential building in gezina.
Occupied by normal families.
Less than 1% vacancies.
All municipal accounts up to date.
Full maintenance plan to keep the property as a-grade.
Schindler lifts in working condition and upgraded.
***rooftop space leased to cell phone tower suppliers.
Full title building: transfer duty payable (+-11%)
not vat registered.
Current gross income: r5 137 000.00 per annum
current net income: r3 600 000.00 per annum
65 x apartments with own kitchen, living room and bathroom.
1 x caretaker apartment with bathroom, living area and kitchen.
Mix:
13 x 1 bedrooms (68m2)
26 x 1.5 bedrooms (70m2)
26 x 2 bedrooms (83m2)
parkings:
61 x parking; 11 x garages
student accommodation potential:
286 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: 1km to up prinshof
r14 300 000.00 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.
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