Guesthouse Complex In Monument Park, Pretoria West For Sale

Description

Property type: multi-unit guesthouse and rental complex

Location: Andeon Agricultural Holdings, Pretoria West

Land size: approximately 1.0007 hectares

Land tenure: freehold

Accommodation units: 12

Lock-up garages: 22

Current status: income-producing property

Financial information

Asking price: R10,900,000

Current documented gross rental income: approximately R70,700 per month

Potential monthly rental income: approximately R82,800

Selected units: currently rented below the stated market level

Additional income

Pecan harvest: established

Pecan yield records: available

Existing pecan off-taker agreements: in place

Accommodation

Majority of units: 2 bedrooms and 2 bathrooms

Study areas: available in selected units

Private patios: included with units

Built-in braai areas: included

Lock-up garage allocation: available

Tenancy

Long-term tenants: in place

Lease cycle: 6 months

Rental review flexibility: available at lease renewal

Location

N4 Platinum Highway: nearby

Quagga Mall: nearby

Pretoria CBD: accessible

Operating area: Pretoria West

Infrastructure

• 22 lock-up garages
• Prepaid water system
• Prepaid electricity system
• Waste token system
• 3-phase electricity
• Fibre connectivity
• CCTV
• Perimeter beams
• Access control
• Water reserve infrastructure

Documentation

Approved building plans: available

Fire and safety compliance documentation: available

Municipal account history: available

Maintenance equipment: may be included subject to agreement

Expansion options

Site configuration: flat and fully fenced

Serviced land: approximately 1 hectare

• Additional accommodation units
• Additional garages
• Storage facilities
• Other income-producing improvements

Development options: subject to required approvals

Transaction information

Seller VAT status: not VAT registered

Transfer Duty: applicable

Company or business acquisition structure: may be considered

Transaction structure: requires independent legal, tax and lender review

Buyer requirements

Viewings: by appointment only

Written offers: required

Due-diligence documents: available

Buyer qualification: proof of funds or bond pre-approval