Student Accommodation NESFA accredited

R4,673,000
Property Details

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.

Property Features
Property Type
House
Bedrooms
30
Bathrooms
9
Garages
1
Land Size
1,155m²
Costs and Terms
Rates & Taxes
±R16,000
Location
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