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R1,795,000

Monthly Bond Repayment R18,834.15
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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Monthly Rates
R2,319

Income Generating Student Accommodation 5 min walk to UJ

Generating R35 500 per month!!! With consent use from COJ (Commune License)

Calling all student accommodation investors to plug and play this into their portfolio

This student 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 9 furnished bedrooms and 7 bathrooms excluding the caretaker's room

5 out of 10 rooms have ensuite bathrooms with 2 of the bedrooms able to house 2 students each.

Therefore, you can house a total of 11 students on the property

Potential income is R35 500 p/m making a total of R355 000 per annum (10 Months)

Each bedroom has a bed, table chair & wardrobe

The property is a 5 minute walk to the University of Johanneburg Kingsway Campus Gate 6

With consent use from COJ, you can apply for NASFAS accreditation as the heavy lifting as been concluded

Extras include: Double Garage, Furniture, Caretaker Accommodation

Call Ben today before it's gone

Features

9
7
1
Interior
Bedrooms
9
Bathrooms
7
Kitchens
3
Furnished
Exterior
Garages
1
Carports / Parkings
2
Security
Yes
Flatlet
2
Domestic Accommodation
1
Sizes
Land Size
495m²
 
  • 1
 

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Disclaimer: While every effort will be made to ensure that the information contained within the Harcourts South Africa website is accurate and up to date, Harcourts South Africa makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS
 

LOAN AVAILABLE
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Monthly Payment

R 

18,834.15

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