Residential
**WILL BE SOLD COLLECTIVELY**
Apartment buildings offering 20 x residential units located in Thistle Grove, a residential suburb of Kinross. Walking distance to numerous schools and the Kinross Medical Centre.
This property is well-maintained and well-kept. It has been successfully operated and run by a corporate entity for years, offering accommodation at a discounted rate to their staff.
The property has great security, a fully enclosed erf with steel palisade, a remote-controlled access gate with a guard house, and solar perimeter lights.
Renting these units to private individuals will generate a much higher (market-related) rental income per month as there is a great demand for affordable accommodation in Kinross and the greater area.
Rates & Taxes: ± R23,032.63
Property Description:
20 LIVING UNITS (2 x Free-Standing Double Storey Buildings)
− APARTMENTS:
o 20 x Spacious 3-bedroom Units (Kitchen, Lounge / Dining Area, 3 Bedrooms & Large Bathroom & Storeroom).
o Good condition with good security.
o Each flat has its own designated lock-up garage.
− Communal braai and relaxation area.
− The whole facility is fully enclosed with remote access control and a guard house.
− 66 Carports: Assigned “First Come, First Serve” Basis
− Additional: 3 Storerooms
CURRENT INCOME AND INVESTMENT POTENTIAL
− All current leases are on a month-to-month basis.
− Water is included in the monthly rental.
− Electricity is pre-paid for each unit.
− Three-bedroom units: R 4 700.00 per month (20 units)
CURRENT RENTAL INCOME:
Units |
Description |
Unit Rent p/m |
Total |
20 |
3 Bedroom Units |
R4,700.00 |
R94,000.00 p/m |
ANNUAL RENTAL INCOME |
R1,128,000,00 |
MARKET-RELATED RENTAL INCOME POTENTIAL:
Units |
Description |
Unit Rent p/m |
Total |
20 |
3 Bedroom Units |
R6,200.00 |
R124,000.00 p/m |
ANNUAL POTENTIAL RENTAL INCOME |
R1,488,000,00 |
Area Summary:
Hatfield is a suburb in Pretoria with a high density of students as well as student accommodation due to its close proximity to the University of Pretoria's main campus.
In tranquil, residential Hatfield, there are a number of foreign embassies in grand residences, amid African and global eateries, low-key bars, and student housing for the nearby University of Pretoria.
Hatfield also offers easy access to the N1 and N4, for commuters traveling by car to either Pretoria, Midrand, Kempton Park, Johannesburg, Krugersdorp, OR Tambo International Airport as well as Lanseria Airport.
Shopping Centers in the immediate vicinity include the large Hatfield Plaza Shopping Centre and Loftus Park Shopping Mall. The area also has several smaller shopping centers with the usual cafes and convenience stores.
Hatfield is central to several schools including Pretoria High School for Girls, St. Mary’s DSG, Arcadia Primary School, Brooklyn Primary School, and Laerskool Pretoria-Oos. There are also many Nursery Schools and crèches in the suburb.
Duncan Court:
Duncan Court has affordable apartments that are perfect for young professionals and families. Duncan Court consists of 11 storeys of 480 apartments. There are a variety of plans on offer in the apartment building ranging in size, bedrooms, and bathrooms.
The complex has 24-hour security, CCTV cameras, access control and is 300m from the Gautrain Station.
These units are an ideal student accommodation and/or an Airbnb opportunity due to the central location of the apartments and easy access to Pretoria and Johannesburg.
List of Units with Rental Income:
Unit |
Unit / Door No. |
Unit Size (m2) |
Beds (Studio Layout) |
Bath |
Lease Expiry Date |
Rental Income |
Levies |
Rates and Taxes |
303 |
A808 |
30 |
1 |
1 |
31 Dec 2023 |
R6 400,00 |
R858.40 |
R377.66 |
304 |
A809 |
30 |
1 |
1 |
31 Dec 2023 |
R6 400,00 |
R858.40 |
R377.66 |
401 |
A1008 |
30 |
1 |
1 |
31 Dec 2023 |
R6 400,00 |
R858.40 |
R377.66 |
402 |
A1009 |
30 |
1 |
1 |
31 Dec 2023 |
R6 400,00 |
R858.48 |
R377.66 |
The current rental income and the lease end date are indicated in the list of units. The leases are in the process of being renewed for 2024 with a 6% escalation.
This property is located on one of the highest traffic flow intersections in Garsfontein.
BEST LOCATION - An excellent opportunity to own a property on a very busy intersection in the east of Pretoria, on the popular Jacqueline Drive. This property has excellent street exposure and enjoys a strategic location adjacent to a primary business node in the area, enjoying high volumes of pedestrian and vehicle traffic.
Unit |
Unit No. |
Block |
Floor |
Plan |
Unit Size (m2) |
Beds |
Baths |
Lease Expiry Date |
Rental Income |
Levies |
Rates and Taxes |
1 |
6 |
Block 1 |
FF |
D |
48 |
2 |
1 |
30 Sep 2023 |
R5 900,00 |
R942,68 |
R459,97 |
2 |
7 |
Block 1 |
FF |
F |
54 |
2 |
2 |
31 May 2024 |
R5 930,00 |
R1 061,00 |
R532,59 |
3 |
8 |
Block 1 |
FF |
F |
53 |
2 |
2 |
31 Mar 2024 |
R5 780,00 |
R1 042,64 |
R522,91 |
4 |
9 |
Block 1 |
FF |
F |
54 |
2 |
2 |
31 Jan 2024 |
R5 950,00 |
R1 061,00 |
R532,59 |
5 |
11 |
Block 1 |
SF |
D |
48 |
2 |
1 |
30-Apr-24 |
R6 100,00 |
R942,68 |
R459,97 |
6 |
12 |
Block 1 |
SF |
F |
54 |
2 |
2 |
29 Feb 2024 |
R5 885,00 |
R1 061,00 |
R532,59 |
7 |
13 |
Block 1 |
SF |
F |
53 |
2 |
2 |
29 Feb 2024 |
R5 900,00 |
R1 042,64 |
R522,91 |
8 |
14 |
Block 1 |
SF |
F |
54 |
2 |
2 |
30 Jun 2024 |
R5 600,00 |
R1 061,00 |
R532,59 |
9 |
15 |
Block 1 |
SF |
D |
48 |
2 |
1 |
31 Aug 2023 |
R5 885,00 |
R942,68 |
R459,97 |
10 |
18 |
Block 2 |
GF |
F |
53 |
2 |
2 |
30 Apr 2024 |
R6 490,00 |
R1 042,64 |
R522,91 |
11 |
19 |
Block 2 |
GF |
F |
53 |
2 |
2 |
29 Feb 2024 |
R6 688,00 |
R1 042,64 |
R522,91 |
12 |
21 |
Block 2 |
FF |
D |
48 |
2 |
1 |
31 May 2024 |
R5 950,00 |
R942,68 |
R459,97 |
13 |
22 |
Block 2 |
FF |
F |
53 |
2 |
2 |
30 Jun 2024 |
R5 810,00 |
R1 042,64 |
R522,91 |
14 |
23 |
Block 2 |
FF |
F |
53 |
2 |
2 |
29 Feb 2024 |
R6 099,00 |
R1 042,64 |
R522,91 |
15 |
24 |
Block 2 |
FF |
F |
53 |
2 |
2 |
30 Apr 2024 |
R6 280,00 |
R1 042,64 |
R522,91 |
16 |
25 |
Block 2 |
FF |
D |
48 |
2 |
1 |
31 May 2024 |
R5 950,00 |
R942,68 |
R459,97 |
17 |
26 |
Block 2 |
SF |
D |
48 |
2 |
1 |
31 Mar 2024 |
R5 900,00 |
R942,68 |
R459,97 |
18 |
27 |
Block 2 |
SF |
F |
53 |
2 |
2 |
31 May 2024 |
R6 099,00 |
R1 042,64 |
R522,91 |
19 |
28 |
Block 2 |
SF |
F |
53 |
2 |
2 |
31 Mar 2024 |
R6 270,00 |
R1 042,64 |
R522,91 |
20 |
29 |
Block 2 |
SF |
F |
53 |
2 |
2 |
29 Feb 2024 |
R5 885,00 |
R1 042,64 |
R522,91 |
21 |
30 |
Block 2 |
SF |
D |
48 |
2 |
1 |
31 Aug 2023 |
R5 830,00 |
R942,68 |
R459,97 |
22 |
31 |
Block 3 |
GF |
A |
56 |
2 |
2 |
29 Feb 2024 |
R6 300,00 |
R1 101,80 |
R561,64 |
23 |
32 |
Block 3 |
GF |
B |
48 |
2 |
1 |
30 Apr 2024 |
R6 290,00 |
R942,68 |
R459,97 |
24 |
36 |
Block 3 |
FF |
A |
56 |
2 |
2 |
31 May 2024 |
R6 300,00 |
R1 101,80 |
R561,64 |
25 |
37 |
Block 3 |
FF |
B |
48 |
2 |
1 |
30 Sep 2023 |
R6 050,00 |
R942,68 |
R459,97 |
26 |
39 |
Block 3 |
FF |
B |
48 |
2 |
1 |
30 Nov 2023 |
R5 500,00 |
R942,68 |
R459,97 |
27 |
40 |
Block 3 |
FF |
A |
55 |
2 |
2 |
30 Sep 2023 |
R5 900,00 |
R1 081,40 |
R547,12 |
28 |
41 |
Block 3 |
SF |
A |
56 |
2 |
2 |
30 Jun 2024 |
R6 050,00 |
R245,82 |
R561,64 |
29 |
44 |
Block 3 |
SF |
B |
48 |
2 |
1 |
30 Nov 2023 |
R5 900,00 |
R942,68 |
R459,97 |
30 |
45 |
Block 3 |
SF |
A |
55 |
2 |
2 |
30 Nov 2023 |
R5 700,00 |
R1 081,40 |
R547,12 |
31 |
46 |
Block 4 |
GF |
A |
56 |
2 |
2 |
29 Feb 2024 |
R6 270,00 |
R1 101,80 |
R561,64 |
32 |
47 |
Block 4 |
GF |
F |
52 |
2 |
2 |
31 Dec 2023 |
R6 100,00 |
R1 022,24 |
R508,38 |
33 |
51 |
Block 4 |
GF |
A |
55 |
2 |
2 |
31 May 2024 |
R6 150,00 |
R1 081,40 |
R547,12 |
34 |
52 |
Block 4 |
FF |
A |
56 |
2 |
2 |
31 Dec 2023 |
R6 195,00 |
R1 101,80 |
R561,64 |
35 |
53 |
Block 4 |
FF |
F |
52 |
2 |
2 |
31 May 2024 |
R6 120,00 |
R1 025,30 |
R508,38 |
36 |
54 |
Block 4 |
FF |
F |
53 |
2 |
2 |
31 Mar 2024 |
R5 900,00 |
R1 042,64 |
R522,91 |
37 |
55 |
Block 4 |
FF |
F |
53 |
2 |
2 |
30 Nov 2023 |
R6 100,00 |
R1 042,64 |
R522,91 |
38 |
56 |
Block 4 |
FF |
F |
53 |
2 |
2 |
31 Jul 2024 |
R6 300,00 |
R1 042,64 |
R522,91 |
39 |
57 |
Block 4 |
FF |
A |
55 |
2 |
2 |
31 Mar 2024 |
R5 940,00 |
R1 081,40 |
R547,12 |
40 |
58 |
Block 4 |
SF |
A |
56 |
2 |
2 |
30 Nov 2023 |
R5 700,00 |
R1 101,80 |
R561,64 |
41 |
59 |
Block 4 |
SF |
F |
52 |
2 |
2 |
31 Dec 2023 |
R6 500,00 |
R1 022,24 |
R508,38 |
42 |
60 |
Block 4 |
SF |
F |
53 |
2 |
2 |
31 Mar 2024 |
R5 940,00 |
R1 042,64 |
R522,91 |
43 |
61 |
Block 4 |
SF |
F |
53 |
2 |
2 |
30 Nov 2023 |
R5 900,00 |
R1 042,64 |
R522,91 |
44 |
62 |
Block 4 |
SF |
F |
53 |
2 |
2 |
31 May 2024 |
R6 180,00 |
R1 042,64 |
R522,91 |
45 |
63 |
Block 4 |
SF |
A |
55 |
2 |
2 |
31 Oct 2023 |
R5 900,00 |
R1 081,40 |
R547,12 |
46 |
65 |
Block 5 |
GF |
F |
53 |
2 |
2 |
31 May 2024 |
R6 300,00 |
R1 042,64 |
R522,91 |
47 |
70 |
Block 5 |
FF |
A |
55 |
2 |
2 |
31 Dec 2023 |
R5 700,00 |
R1 081,40 |
R547,12 |
48 |
71 |
Block 5 |
FF |
F |
53 |
2 |
2 |
29 Feb 2024 |
R6 099,00 |
R1 042,64 |
R522,91 |
49 |
72 |
Block 5 |
FF |
F |
53 |
2 |
2 |
31 Oct 2023 |
R6 100,00 |
R1 042,64 |
R522,91 |
50 |
73 |
Block 5 |
FF |
F |
53 |
2 |
2 |
30 Apr 2024 |
R6 350,00 |
R1 042,64 |
R522,91 |
51 |
74 |
Block 5 |
FF |
F |
53 |
2 |
2 |
31 Dec 2023 |
R5 700,00 |
R1 042,64 |
R522,91 |
52 |
75 |
Block 5 |
FF |
A |
56 |
2 |
2 |
29 Feb 2024 |
R5 900,00 |
R1 101,80 |
R561,64 |
53 |
76 |
Block 5 |
SF |
A |
55 |
2 |
2 |
30 Nov 2023 |
R5 700,00 |
R1 081,40 |
R547,12 |
54 |
77 |
Block 5 |
SF |
F |
53 |
2 |
2 |
31 May 2023 |
R6 120,00 |
R1 042,64 |
R522,91 |
55 |
78 |
Block 5 |
SF |
F |
53 |
2 |
2 |
31 May 2023 |
R7 106,00 |
R1 042,64 |
R522,91 |
56 |
79 |
Block 5 |
SF |
F |
53 |
2 |
2 |
30 Apr 2024 |
R6 300,00 |
R1 042,64 |
R522,91 |
57 |
80 |
Block 5 |
SF |
F |
53 |
2 |
2 |
31 Mar 2024 |
R5 940,00 |
R1 042,64 |
R522,91 |
58 |
81 |
Block 5 |
SF |
A |
56 |
2 |
2 |
30 Jun 2024 |
R6 300,00 |
R1 101,80 |
R561,64 |
59 |
82 |
Block 6 |
Dupl |
E |
113 |
4 |
2 |
30 Sep 2023 |
R12 370,00 |
R1 145,41 |
R1 258,84 |
60 |
84 |
Block 6 |
GF |
B |
47 |
2 |
1 |
31 Jul 2024 |
R6 710,00 |
R922,28 |
R445,44 |
61 |
88 |
Block 6 |
FF |
B |
47 |
2 |
1 |
31 Jul 2024 |
R5 950,00 |
R922,28 |
R459,97 |
62 |
90 |
Block 6 |
FF |
D |
48 |
2 |
1 |
31 Aug 2023 |
R5 610,00 |
R942,68 |
R459,97 |
63 |
91 |
Block 6 |
SF |
D |
48 |
2 |
1 |
31 Mar 2024 |
R6 100,00 |
R942,68 |
R459,97 |
64 |
92 |
Block 6 |
SF |
B |
47 |
2 |
1 |
31 Mar 2024 |
R5 990,00 |
R922,28 |
R445,44 |
65 |
93 |
Block 6 |
SF |
B |
48 |
2 |
1 |
31 Mar 2024 |
R5 780,00 |
R942,68 |
R459,97 |
66 |
94 |
Block 6 |
SF |
D |
48 |
2 |
1 |
31 Mar 2024 |
R5 700,00 |
R942,68 |
R459,97 |
- Lot 1: Units 1 - 66 (Consisting of all 66 Units / Spread acrosss all the Blocks).
- Lot 2: Units 1 – 30 (Consisting of 30 Units / Spread across Block 1, 2 and 3).
- Lot 3: Units 31 – 66 (Consisting of 36 Units / Spread across Block 4, 5 and 6).
- Lot 4: Units 1 – 9 (Consisting of 9 Units / In Block 1).
- Lot 5: Units 10 – 21 (Consisting of 12 Units / In Block 2).
- Lot 6: Units 22 – 30 (Consisting of 9 Units / In Block 3).
- Lot 7: Units 31 – 45 (Consisting of 15 Units / In Block 4).
- Lot 8: Units 46 – 58 (Consisting of 13 Units / In Block 5).
- Lot 9: Units 59 – 66 (Consisting of 8 Units / In Block 6).
Unit |
Unit No |
Block |
Floor |
Plan |
Unit Size (m2) |
Beds |
Bath |
Lease Expiry Date |
Rental Income |
Levies |
Rates and Taxes |
1 |
2 |
Block 1 |
GF |
C |
49 |
2 |
1 |
31 Aug 2023 |
R6 580,00 |
R1 644,86 |
R469,65 |
2 |
3 |
Block 1 |
GF |
C |
49 |
2 |
1 |
30 Apr 2023 |
R5 900,00 |
R1 644,86 |
R469,65 |
3 |
7 |
Block 1 |
FF |
C |
49 |
2 |
1 |
30 Jun 2024 |
R6 558,50 |
R1 644,86 |
R469,65 |
4 |
9 |
Block 1 |
SF |
D |
48 |
2 |
1 |
30 Nov 2023 |
R5 500,00 |
R1 614,26 |
R459,97 |
5 |
12 |
Block 1 |
SF |
D |
48 |
2 |
1 |
31 Mar 2024 |
R5 940,00 |
R1 614,26 |
R459,97 |
6 |
15 |
Block 2 |
GF |
C |
49 |
2 |
1 |
30 Apr 2024 |
R6 170,00 |
R1 644,86 |
R469,65 |
7 |
18 |
Block 2 |
FF |
C |
49 |
2 |
1 |
30 Apr 2024 |
R5 940,00 |
R1 644,86 |
R469,65 |
8 |
19 |
Block 2 |
FF |
C |
49 |
2 |
1 |
30 Nov 2023 |
R5 500,00 |
R1 644,86 |
R469,65 |
9 |
21 |
Block 2 |
SF |
D |
48 |
2 |
1 |
31 Mar 2024 |
R5 940,00 |
R1 614,26 |
R459,97 |
10 |
22 |
Block 2 |
SF |
C |
49 |
2 |
1 |
31 May 2023 |
R5 930,00 |
R1 644,86 |
R469,65 |
11 |
23 |
Block 2 |
SF |
C |
49 |
2 |
1 |
30 Nov 2023 |
R5 940,00 |
R1 644,86 |
R469,65 |
12 |
25 |
Block 3 |
GF |
A |
55 |
2 |
2 |
30 Jun 2024 |
R7 370,00 |
R1 824,38 |
R547,12 |
13 |
26 |
Block 3 |
GF |
B |
48 |
2 |
1 |
29 Feb 2024 |
R5 700,00 |
R1 614,26 |
R459,97 |
14 |
28 |
Block 3 |
GF |
C |
49 |
2 |
1 |
31 Dec 2023 |
R5 500,00 |
R1 644,86 |
R469,65 |
15 |
29 |
Block 3 |
GF |
B |
48 |
2 |
1 |
31 Oct 2023 |
R5 940,00 |
R1 614,26 |
R459,97 |
16 |
30 |
Block 3 |
GF |
A |
56 |
2 |
2 |
31 Oct 2023 |
R5 900,00 |
R1 854,98 |
R561,64 |
17 |
31 |
Block 3 |
FF |
A |
55 |
2 |
2 |
31 Mar 2024 |
R5 940,00 |
R1 824,38 |
R547,12 |
18 |
35 |
Block 3 |
FF |
B |
48 |
2 |
1 |
31 Mar 2024 |
R5 900,00 |
R1 614,26 |
R459,97 |
19 |
37 |
Block 3 |
FF |
A |
55 |
2 |
2 |
31 Jan 2024 |
R6 300,00 |
R1 824,38 |
R547,12 |
20 |
40 |
Block 3 |
SF |
C |
49 |
2 |
1 |
31 Mar 2024 |
R5 900,00 |
R1 644,86 |
R469,65 |
21 |
41 |
Block 3 |
SF |
B |
48 |
2 |
1 |
30 Nov 2023 |
R5 500,00 |
R1 614,26 |
R459,97 |
The current rental income and the lease end date is indicated in the list of units.
- Lot 1: Units 1 –21 (Consisting of all 21 Units / Spread across all the Blocks)
- Lot 2: Units 1 – 5 (Consisting of 5 Units / In Block 1)
- Lot 3: Units 6 – 11 (Consisting of 6 Units / In Block 2)
- Lot 4: Units 12 – 21 (Consisting of 10 Units / In Block 3)
Unit |
Unit No. |
Block |
Floor |
Plan |
Unit Size (m2) |
Beds |
Bath |
Lease Expiry Date |
Rental Income |
Levies |
Rates and Taxes |
1 |
2 |
Block 1 |
GF |
D |
47 |
2 |
1 |
31 Oct 2023 |
R6 000,00 |
R1 209,32 |
R445,44 |
2 |
5 |
Block 1 |
GF |
E |
51 |
2 |
1 |
31 Mar 2024 |
R6 500,00 |
R1 313,14 |
R498,70 |
3 |
30 |
Block 2 |
SF |
E |
51 |
2 |
1 |
31 May 2024 |
R6 100,00 |
R1 313,14 |
R498,70 |
4 |
34 |
Block 3 |
GF |
B |
50 |
2 |
1 |
29 Feb 2024 |
R6 930,00 |
R1 286,68 |
R484,18 |
5 |
36 |
Block 3 |
FF |
A |
60 |
2 |
2 |
31 Dec 2023 |
R5 900,00 |
R1 546,22 |
R610,06 |
6 |
40 |
Block 3 |
FF |
A |
60 |
2 |
2 |
30 Jun 2024 |
R6 160,00 |
R1 546,22 |
R610,06 |
7 |
45 |
Block 3 |
SF |
A |
60 |
2 |
2 |
29 Feb 2024 |
R6 987,00 |
R1 546,22 |
R610,06 |
8 |
58 |
Block 4 |
SF |
C |
47 |
2 |
1 |
31 Jul 2023 |
R6 000,00 |
R1 209,32 |
R445,44 |
9 |
83 |
Block 6 |
FF |
D |
47 |
2 |
1 |
30 Apr 2024 |
R6 030,00 |
R1 209,32 |
R445,44 |
- Lot 1: Units 1 –9 (Consisting of all 9 Units / Spread across all the Blocks)
- Lot 2: Units 1 – 3 (Consisting of 3 Units / Spread across Blocks 1 & 2)
- Lot 3: Units 4 – 7 (Consisting of 4 Units / In Block 3)
- Lot 4: Units 8 – 9 (Consisting of 2 Units / Spread across Blocks 4 & 6)
• Open plan Workshop/Warehouse
There is a lease in place which expires on 30 November 2025 with a monthly rental income of R37 000.00pm with an annual escalation of 5%.
This Property Offers: