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R 12 500 000 Bond Calculator | Commercial Property for Sale in Tileba

750 Punctata Street, Tileba, Pretoria

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35
Erf Size: 3 015 m²

35 x unit apartment building - student accommodation for 157 x beds no transfer duty

Building Name: BERGHOF

Location: TILEBA - PRETORIA NORTH

Sectional Title Building - all 35 x sections/apartments form part of the sale.

Total Units: 35 X SECTIONAL TITLE UNITS

Configuration and Current rent:

- 17 x TWO BEDROOM APARTMENTS (69M2 - 77M2)
Current rent: R3 750.00 (Market related rent: R5 000.00 to R5 900.00)
- 13 x LARGE 1.5 BEDROOM APARTMENTS (78M2 - 85M2)
Current rent: R3 800.00 (Market related rent: R5 000.00 to R6 500.00)
- 5 x Medium 1.5 BEDROOM APARTMENTS (62M2 - 63M2)
Current rent: R3 500.00 (Market related rent: R3 900.00 to R4 500.00)

40 X PARKINGS

Current NSFAS Grant is R5 000 pm. R50 000.00 pa.

Current gross monthly rent: r142 000.00
market related monthly rent: r185 000.00

current expenses: +-r60 000,00pm

current net income: +-r82 000.00
market related income: +-r125 000.00

If the building and apartments are renovated, market related rent will apply.

Km to Universities: 14,6km to TUT Main Campus
11,5km to Ga-Rankuwa Campus
21,3km to SMU Main Campus (Medunsa)

This building can accommodate 157 x STUDENTS.

Transfer Costs: NO TRANSFER DUTY
Bond registration and Transfer cost only +-R300 000.00

Expenses on Student Accommodation: Budget for 40% of income

Current Vacancy: 2% to 5% while seller upgrades apartment for the next tenant

Condition of building: Buildings structure is very good. Needs minor maintenance.

Total GLA: 2 647m2

Zoning: RES 4

Total Floors: 3

No lift

Contact me for the full investment pack.


Property Overview

Listing Number
110967593
Type of Property
Commercial Property
Street Address
750 PUNCTATA STREET, Tileba
Lifestyle
Security Complex, University/College Community, Student Accommodation, Shared Living
List Date
18 February 2022
Availability Date
01 June 2025
Erf Size
3 015 m²
Floor Area
3 000 m²
Levies
R 51 000
No Transfer Duty
Yes
Rates and Taxes
R 8 969
Zoning
General Residential
Floor Number
3

Facilities

Bedroom
70
Bathrooms
35
Kitchens
35

External Features

Parking
35

Building

Building Name
BERGHOF
Gross Lettable Area
2647 m²
Green Building
No
Building Grading
B Grade
Multi Tenanted
Yes
Style
Traditional
Roof
Zinc
Wall
Face-brick
Window
Steel
Standalone Building
Yes
Number of floors
3

Other Features

Nearby Public Transport
Bus, Minibus Taxi
Internet Access
Fibre
Wheelchair Accessible
No
Backup Water
Yes


Contact AgentWeb Ref 110967593

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