ZAR 14,950,000
On street parking
42
42
Walk through this property with my video tour
More Features
Plot Number: 15671
Plot Size: 386 sq.meters
Floor Size: 960 sq.meters
Monthly Rates: ZAR 14,300
Present Rental Income: ZAR 200,000+ per month
Availability: 01 January 2025
Get a foothold in the ever-growing student rental market.
* 42 Bedrooms, each with an en-suite shower, w/c and hand basin.
* Three fitted kitchens with dining areas.
* Two lounge areas to relax or what television.
* Biometric access control with security cameras all around the property, on the inside and outside, monitored from the reception area.
* Laundry facilities offer washing machines and dryers operating with tokens. There is also an outside washing line area.
* This is a freestanding building in the middle of the different campuses around Observatory. It is within walking distance to AFDA.
* The property is generating a monthly income that can comfortably cover a 100% mortgage, the rental income now in the order of R200,000 per month.
* See the pamphlet at the end of the pictures.