NEW
Web Ref ORC2630
R13,000,000
Calculate Affordability | Calculate Bond & Transfer Costs | Currency Converter
Monthly Rates
R8,301.85
R8,301.85
STUDENT ACCOMMODATION : ACCREDITED WITH NSFAS
CALLING ALL INVESTORS : STUDENT ACCOMMODATION
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
82 x Student beds (4 Floors of accommodation - Females only)
Monthly income R359 195
Operational expenses R98 841
Net Income R260 353.83 (Monthly)
Cap Rate of 20.03%
Floor space 1600m2
Zoning Business Special Purpose
Accredited with NSFAS since 2016
24-hour security
Communal kitchen, bathroom, and shower room on each floor
TV lounge with a DStv package, Computer Room & Study available
CCTV Camera with 24-hour Security & Bio Metric Access
Please note there are no municipal plans and no occupation certificate available
The property is situated on 3 separate erf and they are not consolidated.
The zoning would need to be change to BUS1 or 2 if finance is needed
“The information provided is believed to be true and correct but does not form part of any agreement”
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
82 x Student beds (4 Floors of accommodation - Females only)
Monthly income R359 195
Operational expenses R98 841
Net Income R260 353.83 (Monthly)
Cap Rate of 20.03%
Floor space 1600m2
Zoning Business Special Purpose
Accredited with NSFAS since 2016
24-hour security
Communal kitchen, bathroom, and shower room on each floor
TV lounge with a DStv package, Computer Room & Study available
CCTV Camera with 24-hour Security & Bio Metric Access
Please note there are no municipal plans and no occupation certificate available
The property is situated on 3 separate erf and they are not consolidated.
The zoning would need to be change to BUS1 or 2 if finance is needed
“The information provided is believed to be true and correct but does not form part of any agreement”
Features
Zoning
Commercial
Exterior
Security
Yes
Parking Bays
Covered Parkings
12
Sizes
Floor Size
1,600m²
Land Size
1,919m²
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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