R 48 000 000 | apartment property for sale in die bult

Investors dream!!!!!! The apartment block is located on the Bult, only 700m from the NWU and close to all other amenities. The apartment block is in high demand and the entire apartment block is currently full with a waiting list of students wanting to rent in this complex, making it an excellent investment. Summary of The Hoffman The apartment block consists of 81 units. Each apartment has its own open plan kitchen with small living area. 75 x 1-bedroom and 1 bathroom with rental income of R6 250 per month (31sqm) 3 x 2 bedroom and 1 bathroom with rental income of R9 400 (52sqm) 3 x 2 bedrooms and 2 bathrooms with rental income of R9 800 (62sqm) Each unit is equipped with a washing machine, microwave oven, full oven, 3/4 bed, desk and an office chair. A total of 87 tenants can be accommodated in total adding up to a GROSS TOTAL of R526 350 income per month. There is a total of 105 parking bays of which 15 is for visitors. 57 is on the ground floor and 48 in the basement. Each of the three levels also have its own patio with a built-in braai area. The is a bicycle shed, 3 store rooms and a head pump. To ensure water at all times there is 2 x 10 000L Jo-Jo tanks. There is high level security with the CCTV cameras being monitored by a full-time supervisor to ensure that all runs smoothly and all doors works with biometrics. There is also back up electricity supply with inverters and Wi-Fi. For added convenience there is a life to all three levels.