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Upmarket Residential Portfolio With Corporate Lease In Sandton For Sale

Sandton, Gauteng, South Africa
Asking Price:
R13,500,000 Furniture / Fixtures included
Sales Revenue:
R15,390,000
Cash Flow:
Not applicable

Portfolio consisting of nine upmarket furnished apartments in the Sandton area, leased under a corporate agreement with an international tenant for around 12 years. The apartments are fully furnished, including all furniture. This investment presents a low-risk, passive opportunity with a guaranteed monthly rental income.

Gross Income - R1539340.00
Annual Expenses - R358312.20
Net Income after expenses - 1180727.80

For further details, kindly reach out through the provided form.

Asking price: R13,5 million, inclusive of furniture and inventory.

This investment if for an investor who is cash flush and wants a low risk investment. If you are trying to borrow the full amount from a finance house then this investment isn't for you.

The buyer will enjoy guaranteed rental income monthly and capital appreciation on the properties. An option to for us to manage the properties for the buyer monthly is available.

Property Information

Real Estate:

Real Property Included

Location:

Sunninghill , Sandton

Business Operation

Expansion Potential:

We have been renting to this corporate client for the last 12 years. Let us manage the properties for you and use our relationship with our client to expand the portfolio.

Years established:
12

Other Information

Furniture / Fixtures value:
R13,035,000 - included in the asking price
Inventory / Stock value:
R450,000
Home based:
This business can be run from home.