R 30 000 000

Commercial Property for Sale in Olivedale

Olivedale, Randburg

Portfolio of 32 Tenanted Apartments for Sale in Greenstone, Waterfall and Olivedale

ASKING: R30 000 000-00

This exceptional investment opportunity set within five various complexes awaits an idyllic prospect to be snatched up. This portfolio consists of 32 fully tenanted, one-bedroom apartments, securing a steady income stream with 12-month leases already in place. Ideal for investors seeking to expand their investment portfolio.

All complexes offer a variety of lavishness, convenience and security.

Property Details:

Portfolio Composition – 32 one-bedroom, one-bathroom apartments.

Size and Costs:

13 units measuring 42m² - Waterfall (Levies: R632-45; COJ: R780-30; Effluent: R704-47)

5 units measuring 45m² - Olivedale (Levies: R696-20; COJ: R580-36; Effluent: R704-47)

5 units measuring 48m² - Greenstone (Levies: R612-53; COJ: R654-70; Effluent: R704-47)

5 units measuring 44m² - Greenstone (Levies: R822-60; COJ: R544-46; Effluent:...

ASKING: R30 000 000-00

This exceptional investment opportunity set within five various complexes awaits an idyllic prospect to be snatched up. This portfolio consists of 32 fully tenanted, one-bedroom apartments, securing a steady income stream with 12-month leases already in place. Ideal for investors seeking to expand their investment portfolio.

All complexes offer a variety of lavishness, convenience and security.

Property Details:

Portfolio Composition – 32 one-bedroom, one-bathroom apartments.

Size and Costs:

13 units measuring 42m² - Waterfall (Levies: R632-45; COJ: R780-30; Effluent: R704-47)

5 units measuring 45m² - Olivedale (Levies: R696-20; COJ: R580-36; Effluent: R704-47)

5 units measuring 48m² - Greenstone (Levies: R612-53; COJ: R654-70; Effluent: R704-47)

5 units measuring 44m² - Greenstone (Levies: R822-60; COJ: R544-46; Effluent: R704-47)

4 units measuring 44m² - Greenstone (Levies: R1 092-78; COJ: R689-13; Effluent: R704-47)

MONTHLY RENTAL INCOME: Approx R270 000-00; MONTHLY COSTS: R67 590-68

About the Residences:

Guaranteeing an impeccable standard of comfort, security and style, each apartment in this portfolio offers a contemporary, open-plan design that delivers for all preferences of today's classy individuals. Each sun-splashed apartment hosts elegant and polished finishes. The kitchens are equipped with three to date appliances, Caesar stone/granite counter tops all hosted in a setting finished with plush trimmings. The bedrooms serve as personal sanctuaries. Each apartment features its own balcony accompanied by remarkable and serene views.

Luxury Amenities:

Residents enjoy access to a variety of on-site amenities including:

In-house restaurants, swimming pools, well-equipped gyms, playcentres/jungle gyms, concierges, sports rooms, sports fields and laundromats. Some include on site Nursery Schools.

Location:

The complexes attest to modern architectural design. Residents benefit from the complex’s proximity to key business hubs, shopping centres, and recreational venues, ensuring a lifestyle that's both convenient and enjoyable.

Investment Potential:

With properties already fully tenanted, investors can immediately benefit from a return on investment, making this an ideal option for those looking to expand their property portfolio within highly sought-after locations.

Listing number: P24-114647567, Image number: 1

Listing number: P24-114647567, Image number: 2

Listing number: P24-114647567, Image number: 3

Listing number: P24-114647567, Image number: 4

Listing number: P24-114647567, Image number: 5

Listing number: P24-114647567, Image number: 6

Listing number: P24-114647567, Image number: 7

Listing number: P24-114647567, Image number: 8

Listing number: P24-114647567, Image number: 9

Property Overview

Listing Number

114647567

Type of Property

Commercial Property

Listing Date

11 July 2024

Facilities

Bedrooms

32

Bathrooms

32

Kitchens

32

External Features

Parking

32

Other Features

Internet Access

Fibre

Points of Interest

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