Commercial space in Silverton

R 42 350 000

Liezel Britz

MidCity Property Services

Commercial space in Silverton

R 42 350 000

Address: 153 oklahoma apartments, 153 james
80 Beds
75 Baths
Land Area 1.3 ha Rates R 14300 Levy R 80000

FULL TITLE RESIDENTIAL COMPLEX FOR SALE

Seller is VAT registered.

ZERO VAT TRANSFER possible if Purchaser entity is registered for VAT.

Purchase Price DOES NOT include VAT.

DESCRIPTION

Residential Complex in Silverton (Colbyn Valley Nature Area) opposite Medicross.

Newly renovated, each unit with kitchen and bathroom.

Beautiful open parks with ample space to park - massive stand with established garden.

Totally fenced.

Well maintained, fully tiled and painted.

Great architecture to optimize space.

LOCATION

- Corner stand on Pretoria Road in Silverton

- Opposite shopping center with all vital amenities

- Safe area on bus route to CBD and East

- Right opposite Medicross

- Zero VAT Transfer

SPECIFICATIONS

- 80 x apartments (zoned for another 200 x units)

- 107 x parkings

CONFIGURATION and APPROPRIATE RENT

- 65 X 1 BEDROOM UNITS (28m2)R4 000.00

- 4 x BACHELOR UNITS (20m2)R3 300.00

- 2 x 1 BEDROOM UNITS (42m2)R4 800.00

- 4 x 2 BEDROOM UNITS (39m2)R5 500.00

- 1 x 3 BEDROOM UNITS (47m2)R6 200.00

TOTAL GLA: 2 187m2

ERF SIZE: 1.3 HA (13 000m2)

FINANCES

TOTAL MONTHLY GROSS INCOMER320 000.00

TOTAL MONTHLY EXPENSESR94 000.00

TOTAL MONTHLY NET INCOMER226 000.00

ANNUAL EXPENSES BREAKDOWN

- RENTAL AGENT COMMISSIONR184 000.00

- OPERATIONAL COSTSR31 000.00

- UIF R12 000.00

- RATES R172 000.00

- WATER R91 000.00

- REFUGE AND SANITATIONR84 000.00

- MAINTENANCE AND CLEANINGR132 000.00

- SALARIES R140 000.00

- SECURITY R244 000.00

ZONING

- XIV: SPECIAL

- MAXIMUM 6 X LEVELS

- MAXIMUM 280 X UNITS

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Key Property Features

75
Bathrooms
80
Bedrooms
1
Open Parkings

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Experience Pretoria East

Pretoria East offers a tranquil escape for those that work in the city. The leafy streets and well established gardens give the area a sedate, village-like feel. Everything is close-by and residents don't have to go far for shopping or recreation. It's a popular suburb, largely due to the fact that it's easily accessible from major highways - the N1 and the N4. This neighbourhood attracts a good mixture of young professionals and young families, with kid-friendly activities widely available. There are large, open spaces in this area, allowing for big gardens and freestanding houses. However, this area has many townhouses, clusters and security estates as well.

Find out more about Pretoria East

Commercial space in Silverton

R 42 350 000

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