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Prime Commercial Property for Sale - 4 Tempest Street, Ormonde View, Johannesburg South

R 26,000,000

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Description
Situated at 4 Tempest Street, Ormonde View, Johannesburg South, this NSFAS-accredited student accommodation is offered for sale at R26 000 000 excluding VAT. Ideally positioned between Nasrec and Aeroton, the property is only a few kilometres from Gold Reef City and the FNB Stadium, with excellent access to major routes and transport links.

The complex accommodates approximately 148 students and is zoned Residential 3. It is set on a 4 105 square metre ERF with a gross lettable area of 2 817 square metres. Security features include CCTV cameras, an alarm system, and a guard room, while on-site amenities such as a laundromat, free Wi-Fi, and shuttle bus services enhance daily convenience.

Located approximately 5 kilometres from the UJ Soweto Campus, the property benefits from consistent student demand. The surrounding area is well-supported by South Gate Mall, The Glen Shopping Centre, and Comaro Crossing, offering easy access to retail, dining, and essential services, making this a well-located and sustainable student housing investment.

Property Reference #: CL118299

Agent Details:
Santino Antonio
OfficePlace
API House
Ground floor
85 Wessel Road
Rivonia

Id Subtitle 1347520679
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Estimated monthly repaymentR 263,960
Total property loan amountR 26,000,000
Total interestR 37,350,287
Total repaymentR 63,350,287
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