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APARTMENT BULDING IN GOODWOOD FOR SALE
Fully Constructed & designed


Call / whatsapp Mike 060 838 6797

email: mike@twowayflowconnections.co.za

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NO CHANCERS AND NO TIME WASTERS ---- Serious about business



Potential of Apartment Building for sale in Goodwood

Price R 85 000 000 Million

Total 98 Flats & 238 beds

Potential Student Accommodation



PROJECTED INCOME / EXPENSES OF APARTMENTS

+- R6,000 for +- 50 X 2 Bedrooms = R300,000 pm
+- R5000 for +- 50 X 1 bedrooms = R250,000 pm
Retail level 805m2 @R+-190,00 / m2 = R152,950pm
Other (Laundrey, ATM, Cell tower) +- R100,000pm
TOTAL INCOME +- R802,950
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EXPENSES
Municipal rates +-R 21000
Municipal water & Eskom (Recovered via prepaid meters)
Insurance +- R15000
Property Management +- R54000
Security +- R25000
Building manager +- R15000
Maintenance & Cleaning +- R5000
Lift maintenance Contract (Not required in first year as covered by warranty
Contingency +- R50,000
Total Expenses +-R185,000

Total MONTHLY profit +- R615,000
Total annual +-R 7,380,000
YOUR POTENTIAL MONTHLY EARNINGS CAN INCREASE.
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ALL DOCUMENTS are in place & WILL BE released ONCE THERE IS AN OFFER TO PURCHASED SIGNED


1. BDM Approval

2. Approved building plans

3. Land use table (sizes, zoning, areas schedule, etc)

4. Zoning certificates signed byu Director of planning & building development management

5. Certificate of Completion of the structural , fire protection & installation systems or energy usage in a building

6. Water, all engineering docs

7. Full Spread sheet projection of INCOME & EXPENSES AND Profit

ETC

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Ground floor potential earnings for retail store or stores - R150,000 if not more


1. Ground Floor

Size 1090 square meters
804 square meters for retail - split into three areas of 412 square meters, 338 square meters, 54 square meters, 214 square meters for foyer/ admin and 45 square meters for refuse
Residential - Size 4177 square meters
1029m Square meters per floor
1 store of 4 squared meters
1013 square meters circulation
791 square meters for apartments 77 single plus 21 double flats in


2. First Floor

23 single flats average 27 square meters
2 double flats average 42.7 square meters
3. Second floor
24 single flats average 27 square meters
1 double flat average 389 square meters
4. Third floor
15 Single flats average 26 square meters
9 Double flats average 35 square meters
5. Forth Floor
15 Single Flats average 24,5 square meters
9 Double flats average 35 square meters
We can

Arrange bond finance for you as well