Web Ref MPC70
High Performing Building in Johannesburg CBD High-rise.
High-performing asset comprises of 93 residential apartments and 4 retail shops in the hustle and bustle area Joubert Park with a total GLA of 7640sqm.
Operating at close to 100% occupancy with strong retail!
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 2 years old.
Operating at close to 100% occupancy with strong retail!
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 2 years old.
Features
Building Name
Magnus
Zoning
Commercial
Exterior
Security
No
Sizes
Floor Size
7,640m²
STREET MAP
STREET VIEW
