This property used to be operated as a guest house but is now re-instated to accommodate students, as it is within walking distance to the UFS, Mimosa Mall & taxi rank.
Currently occupied by 8 students, it generates a monthly rental income of R33 000 p/m with signed running lease agreements.
The possibility to accommodate an additional 14 students is viable should the conference centre be re-developed into accommodation.
An additional 6 students can be accommodated upstairs having their own kitchen, pantry and dining room.
Included :
Water
Electricity: pre-paid R350 (any extra is for their account)
Wifi
Cleaner 1 x per week
Refuse removal done by a private company.
Extras to the property:
Furniture and equipment included
Borehole pumping 4500l/h
Off the grid Jo-Jo tank
UPS- Supplying you Wi-Fi in load shedding times
Give me a call to show you this great ROI property.
