Commercial property for sale in Pretoria North

Details

This outstanding investment property in Pretoria North offers excellent income-generating potential and consists of two well-maintained buildings with a total of 34 apartments. The buildings have recently been renovated, enhancing their appeal and ensuring modern, comfortable accommodation for students. Ideally located close to a TUT campus, the property is accredited by the Tshwane University of Technology and is currently utilised for student accommodation. The development can accommodate up to 156 students and enjoys full occupancy, with a waiting list of students and parents seeking accommodation. The property currently generates an impressive monthly rental income of approximately R690 000. Apartment Configuration: 28 apartments offering: 4 Bedrooms 1 Bathroom Kitchen Living area 4 apartments offering: 2 Bedrooms 1 Bathroom Kitchen Living area 2 additional units offering: 2 Bedrooms 1 Bathroom Kitchen Living area Residents benefit from a range of communal facilities, including a recently upgraded laundry area, braai facilities, and a small garden area. There is also ample secure on-site parking available. Additional Features: Recently renovated buildings CCTV surveillance system Fibre-ready connectivity 24-hour security Biometric access control gates Fully occupied with established demand Audited financial statements available to serious buyers Monthly rates and taxes of approximately R50 000, with potential reductions upon installation of solar geysers This is a rare opportunity to acquire a fully operational, accredited student accommodation facility with a proven income stream and strong demand in a prime educational hub. Contact us today for further information or to arrange a private viewing.