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Student Accommodation for sale

Braamfontein, Johannesburg

ZAR - 1,285,000

REF - 100535

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Property Description

Are you an investor? Do you know that you can take an early retirement. Please come and view this Beautiful student Accommodation which is located in vrededorp, Johannesburg which is 2km from Braamfontien and 4km from Auckland park. This property is deally located and currently houses students from Uj bunting road campus, wits university, Rosebank College, AFDAFilm school and Uj Kingsway campus. This student commune has been in operation for 4years andis currently fully tenanted with 11 students for the 2019 academic year. The monthly turnover is R28k and the running costs are R8k furniture (desk, chairs, beds, stove, wifi, cctv, and fridge) is valued at R40k
Price includes all furniture
1.Area vredorp, Johannesburg
2.we offer shuttles services for students (separate cost)
3.city of Johannesburg approved land consent use for commune
4.cctv cameras, wi-fi and ADT installed
5.Asset value:R40 000
6.10 Rooms (fully tenated with 1 yearleases) 2 Toilet, 3 showers and 1 Garage
. Staff quarters for caretaker
. Running costs R8000 pm
. Operating period 10 months (February to November)

Agents Details

Palesa Phillips

Agent

Palesa Phillips

Cell

078 468 6171

Email

palesap@royalhomes.co.za

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Property Details

R = Result

Area

Johannesburg

Property Type

Student Accommodation

Suburb

Braamfontein

Reference

100535

Erf Size

0

Residence sq M

0

Rates & Taxes

0

Levy

0

General Accommodation

Bedrooms
10
Bathrooms
3
Garages
1

Additional Features

  • Alarm System

  • Built-in Cupboards

Comments

Notes

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