Newly Renovated Building Johannesburg CBD Highrise.

R 59,000,000

9 months ago412 views
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General Details
For Sale By:Agency
Size (sqm):7640
Property Address:
51 Wanderers & Devilliers
Johannesburg Central, Johannesburg
This gem of an asset comprises of 93 residential apartments and 4 retail shops in the hustle and bustle area Joubert Park with a total GLA of 7640sqm.

Tenants such as Rage and other long standing commercial tenants make up the retail portion of this asset.

A fully let residential element comprising of:
Bachelors – 25 units
2 bed - 12 units
3 bed - 30 units
4 beds - 26 units

Total rental income of R722 000 per month and escalations being achieved at 8%.

All residential and retail have prepaid electricity meters.

The property has a fully functional biometric access control system and the lifts are less than 12 months old.

Security Features: access gate
Property Reference #: 2927269

Agent Details:
Neville Hewett
Mafadi Property Management
Level 5, The Main Change
Kruger street, Maboneng

Id Subtitle 531951869
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Mafadi Property ManagementMember since 2017
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