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24 Bedroom Flat For Sale in Musgrave

R21,000,000


Monthly Bond Repayment R227,578.48
Calculated over 20 years at 11.75% with no deposit.

Web Ref No WRL76318

A BLUE CHIP INVESTMENT OPPORTUNITY- BIG BLOCK X 11 UNITS

Immaculate and great investment. Block of 11 x sectional title units. Lock it and leave lifestyle, 24 hours security. Captivating convergence of classic contemporary.

This block is also excellent for extended family . Designer apartment block with panoramic views.. A fusion of style. comfort and luxury. Quality class and chic lifestyle. Luxury lifestyle, yes you can have it all. These units can be sold individually by the investor who purchases the block.

Call now for an appointment to view.

2. Property is sold as going concern (no transfer duty)
3. Land size – 1200 m2
4. Building has 11 units as follows:
• 6 x 2 bedroom units – living area = 90 m2
- 2 bedrooms (main en-suite)
- common bathroom
- open plan kitchen/lounge/dining room
- 1 parking bay
• 3 x 2 bedroom garden units – as above
- exclusive use garden area = 40 m2
• 2 x double storey 3 bedroom penthouses (includes plumbing, electrical, air-conditioning)
- living area = 242 m2 (121 m2 per floor)
- 3 bedrooms on lower level (main en-suite)
- common bathroom for 2nd & 3rd bedroom
- open plan kitchen/lounge/dining room on upper level
- guest toilet
- 2 parking bays
5. Total number of parking bays = 13 (162.5 m2)
6. Total area under cover = 1 600 m2 (including walkways/lift shaft/guardhouse)
7. Selling price = R 25 000 000-00
8. Selling price includes the following for 2-bedroom units ONLY:
- porcelain tiles 60x60 nano polished
- sanitary ware with wall hung Geberit toilets
- Hans Grohe taps & rain showers
- ducted air-conditioning units for each unit (heating/cooling)
- kitchen cupboards with quartz counters & appliances
- BIC’s in bedrooms
- approved building plans
- Kone elevator
9. Market value on completed units (inclusive of VAT & 3.5% agent’s commission):
• 2 bedroom units – R 1 999 000-00
• Garden units - R 2 199 000-00
• Penthouses - R 2 799 000-00 (shell only)

Features

Bedrooms 24
Security Yes
Bathrooms 22
Recep. Rooms 22
Land Size 1,200m²
Carports/Parkings 11

Agent Contact Details

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