An investor's dream opportunity! This student accommodation property is primed for optimal returns. With the capacity to house 17 students, it offers a mix of single rooms, shared rooms, and 4 bachelor rooms with private bathrooms, catering to various preferences and needs. Each student quarter is equipped with its own distribution board (DB) box and prepaid meter, allowing for easy management of utilities. The property is already registered with the National Student Financial Aid Scheme (NFSAS) and is compliant with its standards and regulations. There is CCTV cameras installed, a cell-to-gate system, and the safety and security of the residents are prioritized. The property boasts a fully functioning borehole with a water filtration system, meeting the stringent requirements set by NFSAS for water quality. The accommodation comes furnished, ensuring that students have all the essential amenities for comfortable living (A comprehensive inventory list is available upon request). With its prime location and desirable features, this property generates excellent monthly rental income of R65 900, offering lucrative returns on investment.
Don't miss out on this fantastic opportunity! Schedule a viewing today to explore the potential of this student accommodation property. Contact us now to book your appointment and secure your investment for the future.
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
