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R31,000,000
Apartment block for sale in Pretoria North
This property has huge investment potential comprising of two buildings with a total of 34 apartments.
Each building has 2 floors with a floor size of 2000 square feet on each floor.
These apartments are situated in proximity of a TUT campus and are used for student accommodation accredited by the Tshwane University of Technology.
The income generated from the property is currently R494 000 per month.
30 of the apartments include:
-2 bedrooms
-1 bathroom
-kitchen
-living area
4 of the apartments include:
-1 bedroom
-1 bathroom
-kitchen
-living area
The monthly rates and taxes amount to R50 000 but will be reduced when solar geysers are installed.
The property is neatly maintained and the common areas include a laundry area, braai area and a small garden. Ample parking for vehicles inside
CCTV cameras installed around the building
Fiber ready
Fully occupied premises with a waiting list of students and parents for accommodation.
24 hour security
Biometric access security gates.
Audited financials are available (overheads Vs final profit margins available to serious buyers)
Features
Zoning:
Commercial
Exterior
Security
Yes
Sizes
Floor Size
8,000m²
Land Size
2,552m²
Extras
24 Hour Access • Security ComplexPretoria North, Pretoria
Nestled in the northern foothills of the Magaliesberg revealing marvelous scenery and a tranquil escape, Pretoria North, as the name suggests, is a suburb in the city of Pretoria. The streets are planted abundantly with mystical lavender Jacaranda trees which come to bloom during the months of October and November, changing the landscape of Pretoria North.
The area attracts a mixture of young professionals and...
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Disclaimer: While every effort will be made to ensure that the information contained within the RealNet Properties website is accurate and up to date, RealNet Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
