Investment Property In The Heart Of Johannesburg

Exclusively marketed by Mandated Property Group.

This 64 Unit security complex is up for grabs .

It has NFAS acreditation and within 2km to the University of Johannesburg .

It Can  be used as a BB or guesthouse and its within close proximity to Elis park.

The property is currently tenanted and should the buyer want vacant occupation, seller has a plan in place in terms of the current rental agreement and could handover the property empty within 4months after suspensive conditions have been fullfilled.

The copies of the actual current rent roll  not estimate and anonymised lease schedule is available for perusal by serious investors.

The current unit marketed is 42 units and the remaining 22units depending on the unit size will be sold at same rate with the specifications of the ones currently market and the price of the various units are also avalable.

various unit specification; 1bedroom and 1 bathroom flat ( inlounding lounge and open plan kitchen) , 2bedroom and 1 bathroom, and 3bedroom and 2bathroom units. and price list for each unit can made avalable to serious buyers.

The proprty also has a boiler room.

total monthly operating expenses, rates, levies, security, utilities, maintenance and management; Rates/Taxes R12000 for 42 Units, add Levies and Commission as per schedule however, the levies can fall off once sold to one owner.

Title/deed structure and confirmation that 100% of the units and underlying property rights can be transferred  and Original Title Deed is available for perusal

Floor plans for all units and buildings are also available

Any zoning or consent requirements to operate the property as serviced apartments, short-stay studios, guesthouse or student accommodation can be confirmed from the zoning certificate which is also available.

Seller is willing to negotiate with serious buyers.