Apartment block - an investment opportunity

A modern and impeccable apartment block is in the market for sale. It is a stunning residential complex that offers a harmonious blend of luxury, convenience, and sustainability. Situated in a highly desirable location, close the NWU, this complex consists of 81 thoughtfully designed units, capable of accommodating 87 residents.

The 75 single units are efficiently designed to make the most of their
31 m², providing a comfortable living space for individuals. Each single unit comes fully equipped with essential appliances, including a washing machine, fridge, microwave, bed, desk, and study chair. These units have proven to be incredibly popular due to their modern amenities and efficient use of space, commanding a monthly rental income of R5,900.00 each.

For those seeking larger accommodations, the apartment block offers three 2-bedroom, 2-bathroom units, each spanning 62 m². These spacious units provide an elevated level of comfort and convenience, attracting tenants with a monthly rental income of R8,950.00 per unit.
Similarly, there are three 2-bedroom, 1-bathroom units, each covering 52 m², and garnering a rental income of R8,600.00 per unit.

The total gross income from all 81 units amounts to +/- R495,150 per month, reflecting the high demand and popularity of this sought-after apartment block.

In addition to the exceptional living spaces, the complex boasts an array of top-notch amenities and features to enhance the residents' experience. A full-time supervisor oversees the smooth functioning of the complex, ensuring that everything is run with excellence and responding promptly to any needs or concerns.

Residents have access to 57 ground floor parking bays and 48 basement parking bays, providing ample parking options for their vehicles.

The complex prioritizes sustainability and self-sufficiency with the inclusion of back-up electricity supply through inverters, reducing dependence on external power sources and mitigating disruptions during power outages - specifically to maintain the biometric access control during loadshedding.

For environmentally-conscious residents, the bicycle shed encourages greener modes of transportation and promotes a healthier lifestyle.

The integration of heat pumps contributes to energy efficiency and ensures a consistent supply of hot water throughout the complex.

Residents can have peace of mind knowing that their safety is of utmost importance, thanks to the high-level security measures in place. CCTV cameras and monitoring systems, along with biometric access control, provide a secure environment for all residents.

Moreover, the apartment block's forward-thinking approach extends to water management, with a back-up water supply to address any potential water disruptions.

With its exceptional amenities, contemporary design, and sustainable features, this modern apartment block has become a prime choice for residents, evident in the fully rented units and the waiting list for the upcoming year. It offers a truly upscale living experience, setting a new standard for modern urban living.

Let's summarize the key points:
- 75 single units with a rental income of R5,900.00 per unit,
- 3 two-bedroom (2 bathroom) units at R8,950.00 per unit; and
- 3 two-bedroom (1 bathroom) units at R8,600.00 per unit

Total Gross Income of R495,150.00 per month

Unit Sizes:
- Single Units: 31 m²
- 2 Bedroom (2 Bathroom) Units: 62 m²
2 Bedroom (1 Bathroom) Units: 52 m²

Amenities and Features:
- Each unit is equipped with essential appliances and furniture
- A full-time supervisor is managing the property
- 57 Ground floor parking bays
- 48 Basement parking bays
- Back-up electricity supply with inverters for biometric access
- Bicycle shed
- Heat pumps for water heating
- High-level security with CCTV cameras, monitoring and biometrics
- Back-up water supply

This is a VAT transaction and VAT needs to be added to the purchase price if you are not VAT registered. If you are VAT registered the apartment block can be sold as a going concern should SARS allows it.

Please contact me for further information or to arrange a viewing.