RE/MAX logo

Request Location

Email Sent

Your friend has been notified.

Send to a Friend

Call Message
ZAR 15 000 000 Change currency
  • ZAR
  • BWP
  • EUR
  • GBP
  • NAD
  • NZD
  • AUD
  • USD
  • ZWL
  • ZMW
  • MUR

Bond Calculator

R
R
%
years
R


BetterBond

Disclaimer: The estimates contained on this webpage are provided for general information purposes and should be used as a guide only. While every effort is made to ensure the accuracy of the calculator, RE/MAX of Southern Africa cannot be held liable for any loss or damage arising directly or indirectly from the use of this calculator, including any incorrect information generated by this calculator, and/or arising pursuant to your reliance on such information.


Sold


RETAIL/RESIDENTIAL DEVELOPMENT - RUSTENBURG CBD
Own the whole development"

  • 50
  • Bathroom icon 50

Monthly Costs
Property Details
Web Ref: RXCU-21190
Property Type: Flat
Building Size: 4 000 m2
Erf Size: 5 258 m2
Features
  • Bedrooms 50
  • Bathrooms 50
  • Undercover Parkings 50
  • Ensuites 50
  • Lounges 50
  • Dining Areas 50
  • Balcony
  • Staff Quarters
  • Storage
  • Satellite
  • Fence
  • Security Post
  • Access Gate
  • Kitchen
  • Paving
  • Garden

Custom Features

  • FIBRE
See more
Description

GREAT INVESTMENT - RUSTENBURG CBD!

Opportunity to own all the buildings – total control over income and expenses.

Independent sworn valuations done by VALUE LINKS CC: R18 500 000.00
Audited valuation based on financials: R22 737 720.00

The Sales Opportunity consist of:

- 2 X residential buildings – fully let
- 5 X retail shops + storage facility – fully let
- 1 X open stand – zoned for further development of 16 units. Own access.

A) RETAIL SECTION

- 5 x Retail Shops + storage facility on Street Front: 475m2

B) RESIDENTIAL SECTION

BLOCK 1 (38 flats in total) TOTAL ERF SIZE: 3212m2
- 8 x 2 Bedroom(85m2) Units 680m2
- 25 x 1 Bedroom(75m2) Units 1 875m2
- 5 x Bachelor Units(45m2) 225m2
- Outbuildings 116m2
- Common Area 175m2
- Walkways 365m2

BLOCK 2 (12 x flats in total) TOTAL ERF SIZE: 1023m2

OPEN ERF (zoned for development x 16 flats) TOTAL ERF SIZE: 1023m2

TOTAL ERF SIZE 5 258m2

The 3 Storey building is in exceptional condition, despite the fact that it is 52 years old! The clinker and painted brick finishing is not only esthetical but also low maintenance. The owners have maintained the building and every single flat’s interior. The courtyard area is enclosed with brick walls and access to the property is via controlled access. All the units have been tiled – low maintenance.
The unutilised driveway and courtyard area consists of a concrete slab. The parking bays consist of steel constructed carports with both shading and IBR sheets. The outbuilding comprises of store rooms and ablution for staff.

All the residential and retail units have pre-paid electricity meters installed. Water for block 1 is included in the rental. Water for block 2 is charged to the tenants.

THE AREA

The building is located in the heart of the CBD.
Close to all major transport facilities, CBD workplace and business nodes, universities, schools, churches, etc. Zero vacancies exist in this area due to the rental demand in the CBD and the low availability for affordable rental units.

THE FINANCIALS

RESIDENTIAL INCOME TOTAL: R 245 560
Blok 1 with 38 units R 156 000
Blok 2 with 12 units R 44 900
Retail Shops (5) & store R 44 660

EXPENSES TOTAL: +-R85 000
• Full details and statements available on request by prospective buyers.

See more

This property's location has not been specified. Request Location

Map of Property

ZAR 15 000 000

Bond Calculator

Powered by BetterLife
  • Bedroom icon 50
  • Bathroom icon 50
  • 4 000 m2
  • 5 258 m2

Sold



RETAIL/RESIDENTIAL DEVELOPMENT - RUSTENBURG CBD
Own the whole development

Monthly CostsRef: RXCU-21190

Features

  • Bedrooms 50
  • Bathrooms 50
  • Undercover Parkings 50
  • Ensuites 50
  • Lounges 50
  • Dining Areas 50
  • Balcony
  • Staff Quarters
  • Storage
  • Satellite
  • Fence
  • Security Post
  • Access Gate
  • Kitchen
  • Paving
  • Garden

Custom Features

  • FIBRE

Description

GREAT INVESTMENT - RUSTENBURG CBD!

Opportunity to own all the buildings – total control over income and expenses.

Independent sworn valuations done by VALUE LINKS CC: R18 500 000.00
Audited valuation based on financials: R22 737 720.00

The Sales Opportunity consist of:

- 2 X residential buildings – fully let
- 5 X retail shops + storage facility – fully let
- 1 X open stand – zoned for further development of 16 units. Own access.

A) RETAIL SECTION

- 5 x Retail Shops + storage facility on Street Front: 475m2

B) RESIDENTIAL SECTION

BLOCK 1 (38 flats in total) TOTAL ERF SIZE: 3212m2
- 8 x 2 Bedroom(85m2) Units 680m2
- 25 x 1 Bedroom(75m2) Units 1 875m2
- 5 x Bachelor Units(45m2) 225m2
- Outbuildings 116m2
- Common Area 175m2
- Walkways 365m2

BLOCK 2 (12 x flats in total) TOTAL ERF SIZE: 1023m2

OPEN ERF (zoned for development x 16 flats) TOTAL ERF SIZE: 1023m2

TOTAL ERF SIZE 5 258m2

The 3 Storey building is in exceptional condition, despite the fact that it is 52 years old! The clinker and painted brick finishing is not only esthetical but also low maintenance. The owners have maintained the building and every single flat’s interior. The courtyard area is enclosed with brick walls and access to the property is via controlled access. All the units have been tiled – low maintenance.
The unutilised driveway and courtyard area consists of a concrete slab. The parking bays consist of steel constructed carports with both shading and IBR sheets. The outbuilding comprises of store rooms and ablution for staff.

All the residential and retail units have pre-paid electricity meters installed. Water for block 1 is included in the rental. Water for block 2 is charged to the tenants.

THE AREA

The building is located in the heart of the CBD.
Close to all major transport facilities, CBD workplace and business nodes, universities, schools, churches, etc. Zero vacancies exist in this area due to the rental demand in the CBD and the low availability for affordable rental units.

THE FINANCIALS

RESIDENTIAL INCOME TOTAL: R 245 560
Blok 1 with 38 units R 156 000
Blok 2 with 12 units R 44 900
Retail Shops (5) & store R 44 660

EXPENSES TOTAL: +-R85 000
• Full details and statements available on request by prospective buyers.

Contact Us

BetterBond

ZAR 15 000 000
Change currency
  • ZAR
  • BWP
  • EUR
  • GBP
  • NAD
  • NZD
  • AUD
  • USD
  • ZWL
  • ZMW
  • MUR

Bond Calculator

Powered by BetterLife
  • 50
  • Bathroom icon 50
  • 4 000 m2
  • 5 258 m2

Contact Agent

Agent Profile Picture
Agent Listings
Liezel Britz
RE/MAX Infoglobe - Constantia Park

Show number

Show number

Send Us a Message

Thank you! Your submission has been received!

Oops! Something went wrong while submitting the form :(

We’ll call you back...

Thank you! Your submission has been received!

Oops! Something went wrong while submitting the form :(

Better Bond Banner