R 25 000 000 | Commercial Property for Sale in Pretoria Central

Residential building in brilliant location close to the Gautrain PTA Cbd station.

THE BUILDING
- Fully let with working tenants and students.
- Newly revamped and upgraded.
- CCTV network throughout the building. (entrances, exits, each floor and at lifts)
- No load shedding area.
- Heat Pump Geyser System.
- Biometric Access Control with Turnstile Gate.
- All fire equipment, OTIS lifts, emergency signage and lights in order, serviced and in working condition.
- Massive hall (410m2) which is a development opportunity to add more apartments/rooms or turn into indoor sport facility/study facility.
- Universal DSTV with WIFI (IV WEB) in whole building charged at R150.00 per month.
- 3 x Commercial/Retail Shops (119m2) currently let to a ministry and food outlet. Massive opportunity to cater for students with a take away, hair salon and internet cafe.
- Servant's quarters and office with beautiful front desk counter.
- Entertainment area with artificial lawn.
- Small gym facility on rooftop.
- Large rooftop entertainment facility with most beautiful views.
- No parking on premises, but on street secure parking in Visagie Street. Parking arranged at R250pm in adjacent building.
- Laundry facility with basins. No machines.
- Communal kitchens and bathrooms on each floor with energy saving Snappy Stoves.
- Communal areas cleaned.

APARTMENT MIX:
- 81 x Apartments in total which consists of -
- 60 x 18m2 rooms with communal kitchens and bathrooms and lounge area.
- 4 x 9m2 rooms with communal kitchens and bathrooms and lounge area.
- 4 x 24m2 rooms with communal kitchens and bathrooms and lounge area.
- 5 x Bachelor apartments 17 - 23m2 with en-suite bathrooms and own kitchen.
- 8 x One Bedroom apartments 27 - 30m2 with bathroom and own kitchen.

THE AREA
- Building is 3 blocks from Gautrain.
- Massive development in this area.
New Department of Agriculture and Land Reform will be completed early in 2023. -3500 employees.
Growthpoint busy with TSHWANE GATEWAY DEVELOPMENT. +-3000 employees.
UNISA planning to build a campus opposite TSHWANE GATEWAY.
- Rental demand will increase and capital growth guaranteed.

THE FINANCES
- Current gross income: R288 100.00 x 12 months
- Current Expenses: R54 288.00
- Current Net Income: R242 000.00
- Current Net Annual Income: R2.9m
- Prepaid electricity and water bill gets split between tenants.
- Only rates and waste payable by landlord.(r4 636.00)
- Wifi paid by tenants @ R150.00 pm.

STUDENT ACCOMMODATION
- Share Transfer option: Only asset in company is this building. Do a share transfer and save R2.1m on transfer duty.
- Seller also registered for VAT, so Zero VAT transaction possible - save R2.1m transfer duty.
- Partition only 14 of the flats, rest just furnish and sleep 172 x students minimum.
- 2025 NSFAS Accommodation Grant is R5000.00. - single or double rooms (per student).
- NSFAS Student Accommodation potential income: R8.6m Gross Annual Income.
- Building already has CCTV, Biometric, Entertainment, Sports, Emergency Signage, Staff for cleaning, Caretaker and Security.
- 4 x 5000 liter heat pumps, reducing electricity costs with 25%. Massive save on geyser maintenance.
- Development opportunity at the hall section where more units can be developed.
- 3 x Shops in R15 000.00 currently, but could be a massive opportunity for higher income with student related products and services.

LOCATION
- To Gautrain: 1.9km
- To Unisa: 2km
- To TVET: 1.2km
- To TUT Main Campus: 6.4km
- TUT Arcadia Campus: 1.4km