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Student Accommodation - Double Digit Return!

Ormonde View, Johannesburg

ZAR - 0

REF - 528304

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Property Description

BIDDING OPENS AT R48,000,000 ONLINE AUCTION Bidding Start Time: Wednesday 29 September 2021 @ 9:00AM Bidding End Time: Thursday 30 September 2021 @ 2:30PM Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. 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 Payment Terms: 2.5% Deposit & 10% Auctioneers fee (excl. VAT on fee); Payable on the fall of the hammer by means of EFT only. Balance payable on transfer. Registration Requirements: To bid at the auction you need to provide a copy of your identity document and current proof of residence (not older than 3 months) as well as a R20,000 refundable registration fee. Disclaimer: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.

Agents Details

Josh Raisun

Agent

Josh Raisun

Cell

078 888 9534

Email

josh@claremart.co.za

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Property Details

R = Result

Area

Johannesburg

Property Type

Commercial - Block of Flats

Suburb

Ormonde View

Reference

528304

Erf Size

4105

Residence sq M

0

Rates & Taxes

5858

Levy

0

General Accommodation

Bathrooms
40

Additional Features

  • Auto Gates

  • Braai Area

  • Burglar Bars

  • Close Circuit TV

  • Garden

  • Laundry

  • Security Bars

  • Security Doors

Comments

Notes

Property Address : 4 Tempest Street Ormonde View Johannesburg