R7,800,000
R7,800,000
Monthly Bond Repayment R84,529.15
Calculated over 20 years at 11.75% with no deposit.
Change Assumptions
Corner stand with prime development options
Danville is a prime located suburb, not only with various school options, shopping centres, and other amenities but also due to its ease of access from major arterial routes via the R55 and N4. A major investment opportunity for this specific location is the Tshwane University of Technology (TUT) located a mere 5km away which makes it perfect for student accommodation!
This property in summary has the following value-adds on offer:
1) 2371 main building double storey -
* 84 rooms
* 26 bathrooms and 29 toilets
* 3 bathrooms with large baths
* 3 large staircases + 2 narrow staircases
* elevator and reception area
2) 869 single-story building and outbuildings -
* Large kitchen
* Dining hall
* Lounges
* Offices
* Laundry
* Staff ablutions
* Storerooms
Additional extras include: Smoke detectors, CCTV network, emergency lights, sufficient fire fighting equipment.
An upfront valuation on this property was done based on the Income Capitalisation method and took into account the current condition of the property, location, and level of demand in the area and concluded a rate of 13%. All detailed letting options and other calculations can be discussed in person and by strict appointment so call me today to discuss your investment opportunity.
Features
Interior
Bedrooms
30
Bathrooms
26
Kitchens
1
Reception Rooms
5
Studies
2
Furnished
Exterior
Carports / Parkings
17
Security
Yes
Flatlet
1
Domestic Accommodation
1
Sizes
Floor Size
3,286m²
Land Size
4,553m²
Extras
Lobby in Building • Covered Parking • Dining in building • Electric Fencing • Security • Extractor Fan • Intercom • Guard
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Disclaimer: While every effort will be made to ensure that the information contained within the Just Imagine Properties website is accurate and up to date, Just Imagine Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.