7,640m² Apartment Block For Sale in Joubert Park
R59,000,000
14 Wanderers street
Web Ref No CLS3426
Well Run Mixed Use Building in Joubert Park For Sale
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 Mixed Use
Monthly Rates R46,891.00pm Excl. VAT
Monthly Levy R1.00pm Excl. VAT
Floor Size 7,640m²
Land Size 750m²
Security Yes
Monthly Rates R46,891.00pm Excl. VAT
Monthly Levy R1.00pm Excl. VAT
Floor Size 7,640m²
Land Size 750m²
Security Yes
Extras
24 Hour Access
Accommodation
Awning
Balcony
Bath, Toilet and Basin
Built in Wardrobes
Communal
Curtain Rails
Dual Living
Electric Gate
Entrance Hall
Fibre
Freestanding
Internet Port
Metropolitan
Multi Storey
On Street Parking
Oven & Hob
Residential
Retail
Secondfloorandabove
Security Complex
Security Gate
Shower
Shared Living
Suburban
TV Antenna
TV Port
Telephone Port
Tiled Floors
Washing Machine Connection
Broker Contact Details
Patrick Foley
Non-Principal Property Practitioner
Registered with PPRA
(FFC 202 333 001 2)
Cell 082 340 5321
Office (011) 4095900
WhatsApp Me
Non-Principal Property Practitioner
Registered with PPRA
(FFC 202 333 001 2)
Cell 082 340 5321
Office (011) 4095900
WhatsApp Me
Message the Agent
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