FULL TITLE RESIDENTIAL BUILDING FOR SALE

Selling entity: FULL TITLE COMPLEX. Not registered for vat, no share transfer possible.
Area: SUNNYSIDE
Total Units: 65 X APARTMENTS

Unit Mix:
39 X 1.5 bedroom (69m2)
26 x 2.5 BEDROOMS (79M2)

Garages/Parking: 54 X PARKINGS OF WHICH 10 ARE LOCKUP GARAGES

Total GLA (excluding common and garage areas): 4 745m2

Stand Size: 3 732m2

Floors: GROUND + 6 in Bislon North and GROUND + 7 in Bislon South

Gross Annual Income: R4 440 000.00
Net Annual Income: R2 886 000.00

Student Accommodation Model: This building allows for 325 beds.
Maximum 5 x beds per apartment with subdivision.
NSFAS Grant for 2024: R50 000.00pp per annum.
Location: 2km to TUT ARCADIA CAMPUS AND 4KM TVET MAIN CAMPUS.
1.9m to UNISA SUNNYSIDE CAMPUS.

Condition of building: Excellent condition. Schindler Lifts serviced monthly by Schindler.
All fire equipment certified.

Management: Well managed with no Council debt. 24-hour caretaker on site.

Security: 24-Hour HighRisk Security Guards as service provider.

Average Vacancy: 0%

Extras: Caretaker flat on premises with washing lines. 4 x vehicle entrances and 2 x pedestrian entrance.
Slam lock gates at each front door. 2 x Storeroom. 1 x Universal DSTV Dish.
Massive garden area between the two buildings.

Seller deposit requirement: 10% (R4 400 000.00)
Transfer Cost: R4 840 000.00 including transfer duty Read more...