R27,000,000 | 8,000m² Apartment Block For Sale in Pretoria North

This property has huge investment potential comprising of two buildings with a total of 34 apartments.

Each building has 2 floors with a floor size of 2000 square feet on each floor.

These apartments are situated in proximity of a TUT campus and are used for student accommodation accredited by the Tshwane University of Technology.

The income generated from the property is currently R494 000 per month.

30 of the apartments include:
-2 bedrooms
-1 bathroom
-kitchen
-living area

4 of the apartments include:
-1 bedroom
-1 bathroom
-kitchen
-living area

The monthly rates and taxes amount to R50 000 but will be reduced when solar geysers are installed.

The property is neatly maintained and the common areas include a laundry area, braai area and a small garden. Ample parking for vehicles inside

CCTV cameras installed around the building

Fiber ready

Fully occupied premises with a waiting list of students and parents for accommodation.

24 hour security

Biometric access security gates.

Audited financials are available (overheads Vs final profit margins available to serious buyers)