54 Bedroom House in Primrose

Asking Price: R16,000,000 Negotiable on Serious Offers

Annual Net Income: R1,476,732.00

Unlock the potential of this high-yield, mixed-use asset located at , a strategic corner position in the heart of West Germiston.The complex offers a diversified income stream combining stable residential tenancies with high-visibility retail spaces.

Total Building Size: The building offers a substantial footprint with a registered municipal area of 990 m² on a 495 m² Erf.

36 Residential Units: 18 x One-Bedroom Units approx. 65 sqm each.

18 x Two-Bedroom Units approx. 85 sqm each.

Units feature enclosed balconies, maximizing living space.

10 Retail Sections: Prime ground-floor commercial units with a sustainable tenant mix, including an established caf and an on-site school.

Secure Parking: Approximately 20 basement parking bays providing

safety and convenience for tenants.

Ownership: Full Title Freehold property.

Financial Performance:

Gross Monthly Income: R228,130.00 Inclusive of utility recoveries.

Net Monthly Income: R123,061.00.

Yield: Excellent cap rate performance, offering immediate and consistent cash flow.

Important Notice to Buyers:

To ensure a professional and efficient sales process, the following conditions apply:

1. Price Negotiable: The seller is open to reasonable negotiation for serious offers only.

2. Vetting Process: To protect the privacy of tenants and the integrity of the sale, Proof of Funds POF is required prior to any scheduled viewings.

This is a rare opportunity to acquire a managed, high-yield asset with a proven track record.