NEW
Web Ref ORC2595
R11,250,000
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Monthly Rates
R7,915.43
R7,915.43
CALLING ALL INVESTORS : STUDENT ACCOMMODATION : ACCREDITED WITH NSFAS
The Seller is VAT registered and the purchase price excludes VAT. If the Buyer is registered as a VAT vendor, the sale will be a going concern and VAT will be NIL
75 x Student beds (female only)
Projected monthly income R300 000
Operational expenses R80 050
Net Income R219 950 (Monthly)
Cap Rate of 19.55%
Floor space 1303.59m2
Zoning Business 1
Accredited with NSFAS since July 2024
Additional space available on the ground floor for retail or more rooms for students
Solar panels, inverter, and battery available
No municipal plans and occupation certificate available
“The information provided is believed to be true and correct but does not form part of any agreement”
75 x Student beds (female only)
Projected monthly income R300 000
Operational expenses R80 050
Net Income R219 950 (Monthly)
Cap Rate of 19.55%
Floor space 1303.59m2
Zoning Business 1
Accredited with NSFAS since July 2024
Additional space available on the ground floor for retail or more rooms for students
Solar panels, inverter, and battery available
No municipal plans and occupation certificate available
“The information provided is believed to be true and correct but does not form part of any agreement”
Features
Zoning
Commercial
Exterior
Security
No
Parking Bays
Open Parkings
10
Sizes
Floor Size
1,303.60m²
Land Size
588m²
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Xavier Salsone
Candidate Property Practitioner Registered with PPRA(FFC 202570039500000) Show number View my listings WhatsApp
Sebastien Brazeau
Principal Property Practitioner Registered with PPRA(FFC 202423014380000) Show number View my listings WhatsApp