R59,000,000
R59,000,000
14 Wanderers street
Patrick Foley
Monthly Levy
R1
Special Levy
R1
Monthly Rates
R46,891
Total
R46,893
Well Run Mixed Use Building in Joubert Park For Sale
Web Ref.
CLS3426
Magnum is a newly renovated building in the Johannesburg CBD high-rise. It consists of 93 residential apartments and 4 retail shops in the hustle and bustle area Joubert Park with a total GLA of 7640sqm. This building operates at 98% occupancy with arrears of below 1% 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.
Located in Joubert Park, Johannesburg CBD, this property has extremely high foot traffic keeping the supply of residential tenants flowing and the trade for the retail below, pumping. It is located right by the Park Central Taxi Terminal, a major transport node as well as Park Central Shopping Centre.
Features:
25 bachelor units, 12 two-bed units, 30 three-bed units, 26 four-bed units
Purchase Price: R59 000 000
Annual Income: R10 455 559
Annual Expenses: R4 166 014
Net Annual Income: R6 289 545
Yield = 10.66%
Deposit: 10% refundable deposit payable within 7 (calendar) days of signature, into conveyancer’s trust account
Due Diligence: 30 (calendar) days for due diligence (DD)
Finance: To run concurrently with DD
JOUBERT PARK
Joubert Park is a suburb of Johannesburg, South Africa.
Joubert Park was established in 1887 at the request of the Diggers' Committee, Johannesburg's earliest local government, as a 'public park or garden to be planted with trees'
The suburb shares its name with the largest park in the Central Business District, which is located a few blocks from the main train station for the city (known as Park Station).
Joubert Park is the location of the Johannesburg Art Gallery.
Located in Joubert Park, Johannesburg CBD, this property has extremely high foot traffic keeping the supply of residential tenants flowing and the trade for the retail below, pumping. It is located right by the Park Central Taxi Terminal, a major transport node as well as Park Central Shopping Centre.
Features:
25 bachelor units, 12 two-bed units, 30 three-bed units, 26 four-bed units
Purchase Price: R59 000 000
Annual Income: R10 455 559
Annual Expenses: R4 166 014
Net Annual Income: R6 289 545
Yield = 10.66%
Deposit: 10% refundable deposit payable within 7 (calendar) days of signature, into conveyancer’s trust account
Due Diligence: 30 (calendar) days for due diligence (DD)
Finance: To run concurrently with DD
JOUBERT PARK
Joubert Park is a suburb of Johannesburg, South Africa.
Joubert Park was established in 1887 at the request of the Diggers' Committee, Johannesburg's earliest local government, as a 'public park or garden to be planted with trees'
The suburb shares its name with the largest park in the Central Business District, which is located a few blocks from the main train station for the city (known as Park Station).
Joubert Park is the location of the Johannesburg Art Gallery.
Features
Zoning
Interior
Exterior
Sizes
Additional Amenities
Joubert Park, Johannesburg
Johannesburg...Joburg...Jozi...The City of Gold. It's a city that goes by a variety of names, and which has won acclaim around the world for various factors. From the urban vibes of Johannesburg's CBD, which has undergone a major rejuvenation, to many other areas such as Sandton, which has evolved from dirt roads to Africa's richest square mile, Gauteng's biggest city has much to offer. In the 130+ years since Johannesburg was formed, the city has transformed, in various stages, from tents and rudimentary structures to skyscrapers and towers. Former muddy tracks are now world-class road networks and public transportation systems, and the Highveld's grasslands have evolved into one of the world's biggest urban forests. Interesting...
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Total Amount Repayable
R0,00
Monthly Repayment
R0,00
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