Monthly Bond Repayment R24,959.50
Calculated over 20 years at 10.5% with no deposit.
Web Ref No JRL34516
An Investment For A Lifetime!! Student Housing For Acquisition!!!
Selling as a student accommodation that is already operational. Offers 9 Bedrooms & 6 bathrooms. Each student has their own study desk. Property can be easily converted into a guesthouse if desired. Property takes 17 students @ R3 800 per student, which generates R64 600 per month in 10 months you would make R646 000 and at a long term investment of 5 years that is R 3 230 000 which makes much sense for investment. Rates & taxes you pay R1500, Water R2 200 and electricity R4 400.
Call us today for an exclusive viewing !!
Features
Bedrooms 9
Bathrooms 6
Flatlet 1
Recep. Rooms 1
Dom. Accom. 1
Study 1
Land Size 992m²
Carports/Parkings 2
Pool Yes
Furnished Yes
Monthly Rates R1,500.00
Extras
Built in Wardrobes
Agent Contact Details
Charles Thabethe
Candidate Property Practitioner Registered with PPRA (FFC 120 627 6)