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.