Residential Estate For Sale
$14,000,000
31 De La Rey Road, Sandton, GP 2128, South Africa
For Sale
Commercial
Active
Last Updated: 10/12/2026
9
Cap Rate
1,300,000
NOI
Details:
Cap Rate: 9%
NOI: $1,300,000
Building Size: 10,164 sqm
Occupancy: 100%
Class: A
Units: 156
Lease Type: Triple Net
Zoning: Residential
Tenancy: Single
Seller Financing: No
Parking Spots: 280
Lease Expire Year: 31/03/2030
Description:
Residential Apartment Estate, off Rivonia Road, For Sale R230m
Net Income R21.8m
Yield 9%
A 5 year lease has been signed, expires in March 2030
Floor Area 10 164 m2
156 Units, 94 x 2 Bed and 62 x 1 Bed
Lobby has Reception, Offices, Gym, Kitchen and Ablutions
Single Lease with Corporate Apartment Group (CAG)
CAG leases to Huawei Technologies SA who have invested heavily in the Property.
Huawei uses the Campus as a demonstration globally of their network capabilities.
Documents:
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31_De_La_Rey_Rd_-_The_Prism_Brochure.pdf
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Location
Gallery
