900 m² Commercial space in Pretoria Central
Pretoria Central, Pretoria Central And Old East, Gauteng
Lettable area read from the listing title — the lister did not state a figure. Confirm on inspection.
Listed by
Amelita Mowatt
eXp South Africa
Details
35-Unit Income Producing Investment Pretoria Central R6,950,000 | 35 Bachelor Apartments | Fully Occupied | Student Accommodation UpsideA rare opportunity for investors seeking an established, income-producing property with substantial future potential.Positioned in Pretoria Central on the Arcadia border, this full-title investment comprises 35 self-contained bachelor apartments, each with its own kitchenette and bathroom.The property is currently fully occupied, providing an established rental income stream from working tenants. At the same time, its strategic location creates an attractive opportunity to explore student accommodation as an alternative or future income strategy. Zoning: General Business B-Grade.WHY THIS PROPERTY DESERVES INVESTOR ATTENTION35 income-generating apartments Currently hosting 68 people.Approximately 800m² net lettable area528m² erfApproximately R1.04 million current gross annual incomeApproximately R670,000 current net annual incomeFully occupied with additional tenant demand5 secure parking baysPrepaid electricity metersWater recovery from tenantsFace-brick construction relatively low maintenanceLive-in caretakerSecure gated accessFibre connectivity3 residential floorsTHE LOCATION THE OPPORTUNITYThe property is strategically positioned close to major educational, medical, transport, and commercial nodes, including TUT, the University of Pretoria, TVET institutions, and Steve Biko Academic Hospital.It is also conveniently located near public transport, shopping facilities and other essential amenities.INVESTMENT UPSIDEThe current residential rental model provides an existing income base.For an investor looking to reposition the asset, the property also presents student accommodation potential, subject to the necessary approvals, accreditation and municipal requirements.The current listing indicates that the building could accommodate approximately 100 student beds subject to could accommodate approx. 100 students beds subject to conversion. Creating a potential significant income model.PROPERTY & ZONINGThe building was converted from office use to residential in 2018 and is currently zoned General Business, with an application for General Residential noted in the listing.The property is held in a company, however, the company itself is not being sold. Transfer duty is payable.THE INVESTOR TAKEAWAYThis isnt simply a 35-bedroom property.It is an income-producing multi-unit asset with an existing tenant base, proven rental demand and multiple potential strategies for future value creation.Whether your strategy is:Hold & collect incomeOptimise existing rentalsReposition for student accommodationAdd value through refurbishmentBuild a larger property portfolioThis opportunity warrants serious consideration.ASKING PRICE: R6,950,000Income and expense information available to qualified purchasers during due diligence.Pretoria Central | Arcadia BorderSerious investors are invited to enquire for further information, financials and a private viewing.All information is subject to verification and purchaser due diligence. Student accommodation conversion, zoning and accreditation are subject to the relevant approvals.
Location
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