2 255 m² Retail Space in Germiston Central

This property investment is an exceptional opportunity to acquire a substantial NSFAS accredited student accommodation and mixed use commercial property strategically positioned in Germiston.

The property comprises approximately 2,255 m² of floor space on a 1,310 m² stand and offers investors an attractive combination of established student accommodation income, additional commercial space and future retail potential. The property offers investors an opportunity to diversify income and unlock further value from the asset.

INVESTMENT HIGHLIGHTS:

NSFAS ACCREDITED STUDENT ACCOMMODATION

The property provides investors with exposure to the established student accommodation market and the demand for affordable, accredited accommodation. The property currently has 72 occupied beds with full occupation value of approximately R277,000.00 per month and R3324000.00 per annum.

ADDITIONAL RETAIL SPACE

The ground floor includes additional retailcommercial space currently available for occupation. This creates an opportunity to introduce an additional income stream, with current retail rental amount of R25,000.00 and potential rental estimated at approximately R30,000 per month around R360,000annum, subject to the final lease agreement. This will provide an opportunity to diversify the property''s income profile.

STRATEGIC TRANSPORT LOCATION

The property is situated approximately 500 metres from Train Station and TVET College, and this provide an important catalyst for increased pedestrian movement and commercial activity in the surrounding area. This creates an opportunity to position the available retail space to serve a diverse customer base, including students, residents, commuters and the broader surrounding community.

Asking Price: R12,6090,000 Excl. VAT

Property Type: Mixed Use ResidentialCommercial

Stand Size: 1,310 m²

Floor Size: 2,255 m²

Number of current beds: 72 occupied

Number of rooms: 25 each room has Kitchenette, Toilet & Shower

TV-room: 1

Study room: 1

Student Accommodation: NSFAS Accredited

Income Profile: Dual Income

Additional Retail Space: Available

Potential Retail Rental: R25,000 per month

Potential Additional Gross Income: R300,000 per annum for Retail space

College and Train Station: 500 metres away

Monthly Occupancy Rate: R277,000.00, and

Annual Occupancy Rate: R3324000.00

Rates and Taxes: R4,962 per month