Calling all student accommodation investors to plug and play this into their portfolio
This NASFAS accommodation which is a street away from the University of Johannesburg is looking for a new owner
The property has 3 dwellings on the property with a total of 10 furnished bedrooms and 11 bathrooms excluding the caretaker's room
9 out of 10 rooms have ensuite bathrooms with 2 of the bedrooms able to house 2 students. Therefore, you can house a total of 12 students on the property
Potential income is R45 000 p/m making a total of R450 000 per annum (10 Months)
Each bedroom has a bed, table chair & wardrobe
There is a kitchen with a gas stove (COC available), communal washing machine and an alarm system
The property is a 5 minute walk to the University of Johanneburg Kingsway Campus & Campus Square
NO LOADSHEDDING as the property is solar powered so students can study through the loadshedding hours
The property next door is also for sale and buying both of them gives you the opportunity to development at this great location There are already plans in place for the future development
Extras include: Camera's, Gyser Boiler, Caretaker Accommodation, Gas Stove (COC Available), Jojo Tank, Solar Powered Gyser, Solar System, Parking for 2 cars.
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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.
