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Apartments For Sale Waldorf, 4a 168 Rivonia Road, Morningside, South Africa, 2010

Description Sale Type Size Price Property Type Tenanted Rental Income Usage Development Opportunity
Unit 4a The Waldorf For Sale 624 sq ft / 58 sq m R1,100,000 (total price)
  • Apartments
Yes R100,000 No
Unit 5a The Waldorf For Sale 58 acres / 23.47 hectares R1,100,000 (total price)
  • Apartments
Yes R96,000 No
Unit 106 The Waldorf For Sale 1,292 sq ft / 120 sq m R2,000,000 (total price)
  • Offices
Yes R180,000 No

A buy to let property that has a twenty one year lease in place producing a rent yield of 9% net after agents commissions and a guaranteed buyback equal to 10% capital growth per year.The concern backing the lease and buy back guarantee were the developers and they have operated their business at The Waldorf since 1993. The offer is therefor secure and the undertaking is from an established company.

Four properties are for sale either as a whole or individually. A cash-flow analysis showing rental income, plus escalations and buy-back values.

The Waldorf is one mile from Sandton. Sandton is the commercial hub of southern Africa where eighty percent of the value of South African banking and commercial transactions occur. It is home to the Johannesburg Stock Exchange and all the major banks and investments houses of South Africa. There is therefore a constant demand fro accommodation in the area and a ready market for the Lessor (the developer) to sub-let to.

The Waldorf is opposite the A Grade Morningside shopping centre. Morningside shops have these facilities five restaurants, designer clothing, art gallery, ladies gym, and a supermarket.

 

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