The Development is a mix of retail (on the ground floor) and residential (four floors above). The upmarket project, located on an erf of 1246m2 is ideal for student accommodation complete with an occupancy certificate. R1 100 000/m projected income: 15,5% gross yield. The project is complete with occupation certificate. Currently 100 apartments (240 beds but can go up to 300) plus a retail level with the possibility of adding one or two more floors, increasing the capacity from 300 beds to 600 beds. Available for an operator to lease the entire building at R750 000 per month (residential floors only). Part Owner-Financing Available.
Purchase Price R 95 000 000
Building Size930 m2
Price Per SQMR 102150 m2
Type of PropertyApartment
Monthly Rates7500
Land Size1246 m2
FurnishedYes
Last Updated11 Mar 2024
Laundry0.5
Kitchen1
Outdoor LivingBrick & Plaster
SecurityYes
RoofingFlat
FlooringCement
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