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Berea · Apartment Block For Sale

4452 m² Apartment Block For Sale in Berea

  • R 9,200,000
  • 4452 m²

Located in the heart of Johannesburg, Highrise is one of the sectional title blocks with exceptional potential. It is favoured amongst investors and residents alike. Compromising of 443 living units and well situated in the suburb of Berea. This portfolio consists of 47 Bachelor units, 47 One-bed units and 3 Two-bed units with rental income. 97 sections are on sale , +/- 22% of the building is being sold via public auction. This portfolio can generate R 272.000.00 p.m.* - when fully let. To sweeten the deal, an additional 263 flats are also being SOLD via PRIVATE TREATY in this same scheme, as part of a Deceased Estate. Investors with capacity could take over +/- 81% of the scheme should both batches be acquired in tandem. The building is fitted with 3 elevators (Including a goods lift), currently only 1 is being used. All units are on prepaid meters. The property has multi-level basement parking, with just over 100 parking bays available. The units are spacious, and the building itself is in walking distance in relation to most amenities and transport routes. Plenty of High Schools and Primary schools in the area. A safe and secure atmosphere inside the premises including live in caretaker as well as 24hrs security. For peace of mind the turnstile system is an added buffer to control access to the property. The building also has 21 roof rooms which are vacant currently, these would typically belong to the body corp.Police station and Fire department are part of the amenities in the area. Walking distance to Ellis Park (Emirates Rugby stadium).THIS IS AN OPPORTUNITY NOT TO BE MISSED. - Contact broker for more information.

Features
Gross Income R 248.265.00 p.m. (Fully let R 272.000.00 p.m.)
Rates and Taxes N/A (Each section under threshold)
Refuse Billed to Tenants
97 Sectional Title units
Portfolio GLA 4582 m2
Estimated Buidling 23000* m2 +/-
2 Bed Units = 3
1 Bed Units = 47
Bachelor Units = 47
Prepaid Electricity
Water recovery
Basement Parking Bays 100 + /-

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Property Information & Features

Property Type
Apartment Block
Listing Type
For Sale
Location
Berea, Johannesburg
Price
R 9,200,000 · Get Pre-Qualified
Price per m²
R 2,066
Floor Size
4452 m²
Erf Size
23000 m²
Commercial Zoning
Yes
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Exact location is provided after a viewing has been arranged with the listing broker.

Area Rating · Berea, Johannesburg

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Apartment Block For Sale in Berea
R 9,200,000
  • 4452 m²
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