7,640m² Apartment Block For Sale in Johannesburg Central
R59,000,000
Web Ref
MPC150
HIGH PERFORMING BUILDING IN JOHANNESBURG CBD HIGH-RISE.
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 have lifts.
- No transfer duties
- 10% Deposit required
- DD and Finance in 30 Days
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 have lifts.
- No transfer duties
- 10% Deposit required
- DD and Finance in 30 Days
Features
Zoning
Commercial
Exterior
Security
No
Sizes
Floor Size
7,640m²
