54 Bedroom Apartment For Sale in Germiston

Property description

**Asking Price:** R16,000,000 (**Negotiable on Serious Offers**)
**Annual Net Income:** R1,476,732.00

Unlock the potential of this high-yield, mixed-use asset located at **, a strategic corner position in the heart of West Germiston.The complex offers a diversified income stream combining stable residential tenancies with high-visibility retail spaces.
* **Total Building Size:** The building offers a substantial footprint with a registered municipal area of **990 m²** on a **495 m²** Erf.

* **36 Residential Units:** * 18 x One-Bedroom Units (approx. 65 sqm each).
* 18 x Two-Bedroom Units (approx. 85 sqm each).
* Units feature enclosed balconies, maximizing living space.
* **10 Retail Sections:** Prime ground-floor commercial units with a sustainable tenant mix, including an established café and an on-site school.
* **Secure Parking:** Approximately 20 basement parking bays providing
safety and convenience for tenants.

* **Ownership:** Full Title (Freehold) property.
**Financial Performance:**
* **Gross Monthly Income:** R228,130.00 (Inclusive of utility recoveries).
* **Net Monthly Income:** R123,061.00.
* **Yield:** Excellent cap rate performance, offering immediate and consistent cash flow.
**Important Notice to Buyers:**
To ensure a professional and efficient sales process, the following conditions apply:
1. **Price Negotiable:** The seller is open to reasonable negotiation for **serious offers only**.
2. **Vetting Process:** To protect the privacy of tenants and the integrity of the sale, **Proof of Funds (POF)** is required prior to any scheduled viewings.
This is a rare opportunity to acquire a managed, high-yield asset with a proven track record.