R19,000,000

R19,000,000

54 Bedroom Apartment Block For Sale in Gresswold
54
Bedrooms
24
Bathrooms
Vee Shekleton

CALLING ALL SERIOUS INVESTMENT BUYERS FOR RESIDENTIAL APARTMENT BLOCK

Web Ref. OYR3151
Monthly Bond Repayment
R205,904.34
The property comprises of 2 blocks of residential apartment units. The 24 units are made up of 1, 2 and 3 bedrooms that are over 3 floors. The property offers 28 covered parking bays on the ground floor and the basement area together with staff rooms.

INVESTMENT PROFILE:
All units are currently tenanted and comprise of the following;
1 x 1 bedroom - 60m2
16 x 2 bedrooms - 110m2 each
7 x 3 bedrooms - 125m2 eac
28 x covered parking bays

INVESTMENT CALCULATION;
We have used the net income capitalisation method of valuation to determine the value of this property.
Gross Annual Income: R2 300 000
Annual Expenses: R545 845
Net Annual Income: R1 754 155

ASKING PRICE EXCLUDING VAT R20 000 000
Yield: 8.7%

Features

Interior
54 Bedrooms
24 Bathrooms
24 Kitchen
Exterior
28 Parking
Listing Info
Date Listed 09-07-24
Time Listed 14:37

Gresswold, Johannesburg

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  • 54 Bedroom Apartment Block For Sale in Gresswold map

Finance

Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
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