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Student Accomodation With Great Double Digit Returns!
updated on Oct 13, 2021
R 57 000 000

WEB REF: 528305

 
  • Price R 57 000 000
  • LocationWhite River, Kingsview
  • Property TypeCommercial - Block of Flats
  • Erf Size21806 m2
  • Rates & Taxes R 11998
Description

Description: This well-maintained student accommodation is situated within 40km from Nelspruit and is accredited by Tshwane University of Technology 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 centres and very convenient for students shopping, food and whatever they desire. This property is situated on two erven and has a breakdown of Portion 1 and Portion 2. There is a boundary wall between the two portions and both portions can use the soccer field and netball field. THIS IS A VAT TRANSACTION. TOTAL INCOME - R9264 000 pa PORTION 1: • Accredited by University of Mpumalanga • Rental in paid by University • Income - R2 880 000 pa • 2 Blocks • 60 beds • 60 Students • 10 kitchens • 20 Bathrooms • DSTV • Study hall • Good Security • Electric fencing • CCTV • Ample parking for students & visitors PORTION 2: • Accredited by University of Mpumalanga • Rental in paid by University • Income - R6 384 000 pa • 3 Blocks • 33 units • 133 students • 33 kitchens • 33 Bathrooms • DSTV • Good Security • Electric fencing • CCTV • Ample parking for students & visitors Details: • Erf no: 216 • Erf size: 16 852 m² • Erf no: 216-2 • Erf size: 4 954 m² • Rates p.m.: ± R11998.00

Additional Features
  • CCTV
  • Electric Fence
Property Address

10 Kiepersol Street Kingsview White River

Contact Agent(s)

eMail Agent(s)