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Student Accommodation - Double Digit Return!
updated on Oct 13, 2021
R 48 000 000

WEB REF: 528304

 
  • Price R 48 000 000
  • LocationJohannesburg, Ormonde View
  • Property TypeCommercial - Block of Flats
  • Erf Size4105 m2
  • Rates & Taxes R 5858
Description

Description: This well-maintained student accommodation is situated 5km from UJ University and is accredited by the University and is sold as a going concern with a well-managed team running the residence, bus for student transport, and is 100% occupied. The residence is close to South Gate Mall so is very convenient for students shopping, food, and whatever they desire. • UJ Accreditation • WIFI • Bus to transport students to the University • DSTV • Accommodates 148 students (100% occupied) • Income R7 104 000 p/a • Income paid by University - not students • 40 Bathrooms • 80 single Bedrooms • 68 Sharing Bedrooms • 34 Kitchens • Laundry room • Great security • Security room • Electric fencing • CCTV • VAT transaction Details: • Erf no: 357 • Erf size: 4105m² • Rates p.m.: ± R5858.00

Additional Features
  • Auto Gates
  • Braai Area
  • Burglar Bars
  • CCTV
  • Electric Fence
  • Garden
  • Laundry
  • Security Bars
  • Security Doors
Property Address

4 Tempest Street Ormonde View Johannesburg

Contact Agent(s)

eMail Agent(s)