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Web Ref ORC2629
STUDENT ACCOMMODATION ACCREDITED WITH NSFAS
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
51 x Student beds (2 Floors of accommodation – Male & Female)
Monthly income R224 264
Operational expenses R61 344
Net Income R162 920 (Monthly)
Cap Rate of 25.06%
Land size 684m2
Floor space 1031.52m2
Zoning Industrial Zone 2
Accredited with NSFAS since 2020
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 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
51 x Student beds (2 Floors of accommodation – Male & Female)
Monthly income R224 264
Operational expenses R61 344
Net Income R162 920 (Monthly)
Cap Rate of 25.06%
Land size 684m2
Floor space 1031.52m2
Zoning Industrial Zone 2
Accredited with NSFAS since 2020
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 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
Sizes
Floor Size
1,031.50m²
Land Size
684m²
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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