Properties on Auction on 20 April 2023 Live & Virtual Online Auction - Live Venue: Grosvenor Room and Marquee, Bryanston Country Club, 63 Bryanston Drive, Bryanston
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PREVIOUS PROPERTY
Prime Student Development Opportunity
Address:
132 Joe Slovo Drive,
Suburb:
New Doornfontein
Province:
Gauteng
Country:
South Africa
Web Ref:
115609
Opening Bid:
R1,500,000.00
Description:
Prime high rise student development opportunity
Land size: 550m²
Available bulk: ± 7700m²
Potential to build to 14 storeys
Maximum beds to ± 320
Existing plans are very generous in terms of ample common space per floor (chill, dining, etc)
Town Planning status update: a parking reduction to 0.05 bays per room recently approved - only 9 bays needed
Rough feasibility:
Beds: ± 320
NSFAS rate: ± R4000 per bed
Expense forecast: ± 35%
Vacancy allowance: ± 5%
Net income: ± R729 600 per month for 10 months
Land size: 550m²
Available bulk: ± 7700m²
Potential to build to 14 storeys
Maximum beds to ± 320
Existing plans are very generous in terms of ample common space per floor (chill, dining, etc)
Town Planning status update: a parking reduction to 0.05 bays per room recently approved - only 9 bays needed
Rough feasibility:
Beds: ± 320
NSFAS rate: ± R4000 per bed
Expense forecast: ± 35%
Vacancy allowance: ± 5%
Net income: ± R729 600 per month for 10 months
Auction Details
Start Date:
20 April 2023
Start Time:
12:00
Venue:
Live & Virtual Online Auction - Live Venue: Grosvenor Room and Marquee, Bryanston Country Club, 63 Bryanston Drive, Bryanston
Sales Executives
Name:
Zipho Ndlovu
Mobile:
Click here to send the Sales Executive a Whatsapp
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