Residential Estate For Sale
$15,000,000
15 Sisson Street, Mthatha, EC 5100, South Africa
10.5
Cap Rate
1,600,000
NOI
Details:
Description:
Copper Lake Residential Estate, Sisson Street, For Sale R255m
Floor Area 17 361 m2
Erf (Land Size) 46 440 m2
Separate Residential Blocks, 315 Apartments
The units splits are as follows:
No GLA
Bachelor 102 3 657
1 Bedroom 48 2 235
2 Bedroom 141 9 390
3 Bedroom 24 2 079
Total 315 17 361
Net Income R25.7m pa.
Return on Investment 10.5%
The contract with the Eastern Cape Dept of Health was cancelled at the end of last year, most of the Doctors are still in occupation.
Most of the Units are occupied by Nelson Mandela Academic Hospital (NMAH) and
Umtata General Hospital (UGH)
700m, 2 minutes to NMAH and 1.1km, 3 minutes to UGH
Covered and Open Parking
Guard House with Controlled Access
Documents:
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Location
Gallery
