- 9
- 3
- 1
- 1 923 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
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Mun. Rates & Taxes: ZAR 2781.00
Property description
AN INVESTMENT YOU CANNOT RESIST! - Student Accommodation with Leases in Place!
This property consists of a main house which has 5 bedrooms, of which one is larger than the others
and has an en-suite bathroom consisting of a shower, basin and toilet. It has a main bathroom with a bath, basin and
a separate toilet. There is a lounge and communal area for the students to relax.
It contains a fully fitted kitchen with all the necessary appliances.
Below is the main house basement area which consists of two bedrooms, one with a built-in desk area and
fully equipped kitchen. It has one bathroom with a bath basin and separate toilet. There is a carport to cover two cars.
Further to this is a granny flat. You are welcomed to an outside seating area. It has a spacious lounge area and
a fully fitted kitchen. There are two bedrooms and a bathroom with a shower, toilet and basin.
Outside is another carport.
Below the granny flat is a studio type room with a kitchenette and a bathroom with a shower, basin and t
There are security gates on all the doors and a single automated garage, together with ample
parking space and being on the bus route to the University of KZN.
The property currently has mature students studying for their PHD’s and Masters, whom each have
contracts in place. They are responsible adults who are up to date with their rentals electricity expenses and wifi
expenses.
This property is such a fantastic investment, profiting approximately R24 000 or more in rentals
every month. The property also consists of extra land below the dwellings should an investor like to develop further.
The cherry on the top of the cake is that every piece of furniture, bedding, towels, fridges, electrical appliances, tupperware,
cutlery, EVERYTHING stays with the property as part of the sale agreement. There is a delightful dog named Tego, whom we
are hoping the new owner will allow to stay, as he is great for security andhas formed loving friendships with the students.
Please call me to view this property. NOT TO BE MISSED!
Property Details
- 9 Bedrooms
- 3 Bathrooms
- 1 Garages
- 1 Ensuite
- 3 Lounges
Property Features
- Patio
- Fence
| Bedrooms | 9 |
| Bathrooms | 3 |
| Garages | 1 |
| Erf Size | 1 923 m2 |
