NEW
Web Ref ORC2598
R11,250,000
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Monthly Rates
R10,586
R10,586
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 R317 200 (student and retail combine)
Operational expenses R81 636
Net Income R235 564 (Monthly)
Cap Rate of 20.94%
Floor space 1662.56m2
Zoning Business 1
Accredited with NSFAS since July 2024
3 retail tenants on the ground floor generating approximately R17 200/month
Solar panels, inverter, and battery available
Operational lift
24-hour security
3 sets of kitchen, bathroom and shower room (one on each floor)
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 R317 200 (student and retail combine)
Operational expenses R81 636
Net Income R235 564 (Monthly)
Cap Rate of 20.94%
Floor space 1662.56m2
Zoning Business 1
Accredited with NSFAS since July 2024
3 retail tenants on the ground floor generating approximately R17 200/month
Solar panels, inverter, and battery available
Operational lift
24-hour security
3 sets of kitchen, bathroom and shower room (one on each floor)
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
Sizes
Floor Size
1,662m²
Land Size
536m²
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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