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Web Ref CL34673
Property on Auction - 27 March 2025 - Berg en Dal - Entire Block of Apartments
Property on Auction - 27 March 2025 - Berg en Dal - Entire Block of Apartments
One of the last wholly owned, fully sectionalised block of apartments in Sunnyside, Pretoria. This is an amazing opportunity to acquire the block in its entirety. The block is exceptionally well managed, and the current owners have kept their hand on the building in terms of maintenance. The building is therefore in a great condition.
This is truly a "plug and play" acquisition opportunity for the right buyer. One could acquire for pure investment purposes and take over the operation of the block in its current form and generate a solid sustainable income. Alternatively, one could get creative and think out of the box at ways to effectively and profitably convert the current standard residential units to student accommodation which would cater for the surging demand in the Pretoria region due to an undersupply of student accommodation residences. Another option buyers have is to acquire all the sections and then sell them off individually. Whichever way, the intrinsic value of the asset holds strong and presents a good opportunity to add value to your portfolio.
The building consists of 7 storey's with 63 residential apartments. There is currently a mixture of 2bed, 1.5bed, 1bed and Bachelor units at the property. The building has always enjoyed low levels of vacancy and currently only has two vacant units.
All 80 sections of the Sectional Title Scheme are included in the sale.
Call us today to find out more and to get yourself registered for the auction!
One of the last wholly owned, fully sectionalised block of apartments in Sunnyside, Pretoria. This is an amazing opportunity to acquire the block in its entirety. The block is exceptionally well managed, and the current owners have kept their hand on the building in terms of maintenance. The building is therefore in a great condition.
This is truly a "plug and play" acquisition opportunity for the right buyer. One could acquire for pure investment purposes and take over the operation of the block in its current form and generate a solid sustainable income. Alternatively, one could get creative and think out of the box at ways to effectively and profitably convert the current standard residential units to student accommodation which would cater for the surging demand in the Pretoria region due to an undersupply of student accommodation residences. Another option buyers have is to acquire all the sections and then sell them off individually. Whichever way, the intrinsic value of the asset holds strong and presents a good opportunity to add value to your portfolio.
The building consists of 7 storey's with 63 residential apartments. There is currently a mixture of 2bed, 1.5bed, 1bed and Bachelor units at the property. The building has always enjoyed low levels of vacancy and currently only has two vacant units.
All 80 sections of the Sectional Title Scheme are included in the sale.
Call us today to find out more and to get yourself registered for the auction!
Features
Zoning
Commercial
Title
Sectional
Exterior
Security
No
Sizes
Floor Size
4,873m²
Land Size
2,552m²
STREET MAP
STREET VIEW
