**WILL BE SOLD COLLECTIVELY**
Property Description:
Units |
Description |
Unit Rent p/m |
Total |
20 |
1 Bedroom Apartment |
R3,300.00 |
R66,000.00 p/m |
ANNUAL RENTAL INCOME |
R792,000.00 |
MARKET-RELATED RENTAL INCOME POTENTIAL:
Units |
Description |
Unit Rent p/m |
Total |
20 |
1 Bedroom Apartment |
R4,000.00 |
R80,000.00 p/m |
POTENTIAL ANNUAL RENTAL INCOME |
R960,000.00 |
142.7981 Ha Sand Mine and Quarry situated on the R573, only 16,8 km from Cullinan and 16,9 km from Zambesi North which falls within the ever-expanding residential area earmarked for development in the northeast of Tshwane.
This extensive property is a well-established sand quarry that has been in operation for years with the infrastructure in place and the perfect ratio of workstations situated on the property including a big warehouse, workshops, and offices.
This mine supplies building material to wholesale and retail clientele. The mine is also geared to provide and supply material for all future and current urban developments in and around the mine, in addition to the current output.
With its expansive size, vicinity, and abundant natural resources, this sand mine presents the availability of high-quality of the following Mineral Opportunities:
Red Building Sand Known as a base aggregate product, red building sand is mainly used for filling purposes, such as leveling surfaces before a construction project commences. This makes it an ideal, and much-needed, building material most often utilized for building and landscaping purposes. |
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Washed Plaster Sand This sand is used for mixing plaster for building applications. The ideal plastering sand is generally fine, sharp, angular (never worn or rounded), and clean, with a diversity of particle sizes. |
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Screened / Washed River Sand River sand is one of the most used building materials as it is needed to produce concrete and cement. Natural river sand, mined from riverbeds, is the preferred choice due to its fine consistency. Since the sand has been subjected to water for years, its silt and clay content is very low, making it ideal for building purposes. |
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Builders Mix / Crusher Run This user-friendly building material is used in all kinds of construction projects, both small and large. The mix consists of a blend of building sand and aggregate. To use it for construction purposes, only cement and water are required. Most often, a builder's mix is used for the installation of concrete. |
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G5 Subbase – Road build material G5 Sub-Base Material is a crushed product with a top size of 53mm down to fine dust. It is a specific product used below the G2 layer in the road construction industry and can also be compacted and used for foundation purposes. This material may contain approved natural fines not obtained from parent rock. |
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G6 – G9 Natural Filling G6 Sub-Base Material is used as filling and a base course under roads and paving. This material may contain approved natural fines not obtained from parent rock. The nominal maximum size for uncrushed material is 2/3 of the compacted layer and for crushed material 63mm before compaction. |
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G7 Sub-Base Material Used as filling and a base course under roads and paving. This material may contain approved natural fines not obtained from parent rock. The nominal maximum size for uncrushed material is 2/3 of the compacted layer and for crushed material 74mm. |
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Green and White Clay for brick-making Clay suitable for the making of bricks is found on the mine. Tests have been done and samples of the different clay bricks possible are available. Clay bricks are cheaper and more cost-effective to produce, as the time necessary to bake at high temperatures is reduced, compared to the normal standard brickmaking process. |
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Silica Sand Industrial sand and gravel, often called "silica," "silica sand," and "quartz sand," include sands and gravels with high silicon dioxide (SiO2) content. These sands are used in glassmaking; for foundry, abrasive, and hydraulic fracturing (frac) applications; and for many other industrial uses. Silica sand is also widely used on golf courses for filling bunkers and surrounding waste bunkers. |
**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 |
More...
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.