An exceptional investment opportunity awaits in the heart of Pretoria CBD, this well-maintained apartment block offers an attractive 12% net yield at the asking price of R6,950,000.
The property comprises 35 fully let bachelor apartments, each featuring an open-plan bedroom/living area, kitchenette, and private bathroom with a shower and toilet. The building consists of a ground floor and three additional levels and enjoys a 100% occupancy rate, with a stable tenant base consisting predominantly of long-term occupants.
Constructed in durable face brick, the property offers easy, low-maintenance ownership, while an on-site caretaker ensures the building is well managed and residents' day-to-day needs are attended to.
The apartments are ideally suited to professionals working in Pretoria CBD as well as students attending nearby educational institutions, ensuring consistent rental demand. Having been successfully operated by the current owners for years, this income-producing asset offers investors immediate cash flow.
A detailed schedule of the property's rental income, operating expenses, and supporting financial information is available to qualified purchasers upon request.
Contact me today to arrange a private viewing or to discuss this outstanding investment opportunity in more detail.
Disclaimer: The financial information, rental income, expenses and yield calculations have been provided by the seller and are believed to be accurate. Prospective purchasers are advised to conduct their own due diligence and independently verify all financial, legal and operational information prior to concluding a transaction.
