ECLS537 – Apartment Block in Johannesburg Central For Sale
Overview
- Updated On:
- July 8, 2022
- 70 Bedrooms
- 29 Bathrooms
- Class
- 4,000 m2 Size
- Year Built:
Description
Situated within the secure ABSA precinct, this 8 story apartment block has 9 retail shops on the ground floor and a total of 70 residential apartments in the building.
Features include:14 one-bedroom flats (2 on each of the 7 floors), 56 bachelor flats (8 on each of the 7 floors), each unit has a bathroom with shower, toilet & basin, and a kitchen, 9 retail shops on the ground floor, a small spaza shop on the third floor, individual meters in each apartment & shop, basement, 2 lifts (not working), marble entrance hall, internal staircase, fire escape, parquet & tile flooring, security gates, staff quarters on the roof which is waterproofed.
Projected Approximate Net Annual Income:R 3.5 million. Approximate Yield: 27% at the last price of R13 million.
Projected Approximate Annual Income:R6 million. Projected Approximate Annual Expenses: R 2.5 million.
Rates:R27 198, Land extent:500m2, GBA:3517m2, VAT registered
