R 59 000 000 | business property for sale in johannesburg

High performing asset comprises of 93 residential apartments and 4 retail shops in the hustle and bustle area Joubert Park with a total GLA of 7640sqm. Operating at close to 100% occupancy with strong retail! A fully let residential element comprising of: Bachelors – 25 units 2 bed - 12 units 3 bed - 30 units 4 beds - 26 units Total rental income of R722 000 per month and escalations being achieved at 8%. All residential and retail have prepaid electricity meters. The property has a fully functional biometric access control system and the lifts are less than 2 years old.