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Student Accomodation With Great Double Digit Returns!

Kingsview, White River

ZAR - 57,000,000

REF - 528305

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Property 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 mē • Erf no: 216-2 • Erf size: 4 954 mē • Rates p.m.: ą R11998.00

Agents Details

Josh Raisun

Agent

Josh Raisun

Cell

078 888 9534

Email

josh@claremart.com

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Property Details

R = Result

Area

White River

Property Type

Commercial - Block of Flats

Suburb

Kingsview

Reference

528305

Erf Size

21806

Residence sq M

0

Rates & Taxes

11998

Levy

0

General Accommodation

Bathrooms
33

Additional Features

  • Close Circuit TV

Comments

Notes

Property Address : 10 Kiepersol Street Kingsview White River