Business Summary

Brand new upmarket development in Riverton (Goodwood / Elsies River). Aimed completion date is 18th December 2020. 4 floors residential (100 apartments, not sectionalised) plus a retail floor with a total projected rental income of R850 000 per month. Full information will be supplied to approved buyers/operators. Terms to be negotiated: R600 000 plus services, electricity, security (estimate less than R50 000 as water and electricity are on prepaid meters) per month for entire building; else retail level can be omitted, etc. The "price" would be R750 000 deposit payable upfront (which would naturally be refundable). You would need to have knowledge and experience of bulk rentals/student accommodation to qualify for this opportunity. Option to purchase the entire building for R85 mil.

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