R 78 000 000
(3 732 057
EUR*)
50
50
± 750 m2
± 3500m2
R 13000
/ m
Property Features
Fibre Internet
Built In Cupboards
Entrance Hall
Laundry
Lounge
Nearby Minibus Taxi Service
Security Post
Well mantained student accomodation for sale
This well mantained student accomodation is up for sale close to University and colleges. The property with retail shops on the ground floor has a potential Gross annual income of R14m with an estimated annual expense of R5m.
Currently has 351 beds for rent.
With a net annual income of R9m this fantastic investment has a yield of over 12%
Seller is looking for serious purchasers to share extra information with as and when required
- well mantained student accomodation
- close to University and colleges
- retail shops on the ground floor
- potential Gross annual income of R14m
- Currently has 351 beds for rent
- net annual income of R9m
