FEATURED
Web Ref RL950203
R1,499,000
Monthly Bond Repayment R16,244.76
Calculated over 20 years at 11.75% with no deposit.
Change Assumptions
Calculate Affordability | Calculate Bond & Transfer Costs | Currency Converter
Monthly Rates
R1,030
R1,030
Unique investment opportunity - SOLE MANDATE
Welcome to our unique investment opportunity which presents the possibility to either continue its legacy as a prime spot student commune, or transform it into a new development. This property has its prime location mere steps away from the Vuselela FET college, attracting a constant stream of students in need of accommodation.
The stand is 1 405 meters square, and has approximately 526 square meters underroof, offering the following:
• 14 bedrooms, either tiled or carpeted
• 3 kitchenettes
• 4 bathrooms
• 2 x one-bedroom apartments, each with bedroom, lounge, kitchen and bathroom
This property offers an exceptional return on investment: a total of 18 tenants can be accommodated amounting to a gross total income of R 33 000 monthly.
In addition, this property is rezoned to RES 3 and has 3-phase electricity, presenting an exceptional opportunity for property developers.
Don’t miss out on this remarkable investment opportunity – call me today!
The stand is 1 405 meters square, and has approximately 526 square meters underroof, offering the following:
• 14 bedrooms, either tiled or carpeted
• 3 kitchenettes
• 4 bathrooms
• 2 x one-bedroom apartments, each with bedroom, lounge, kitchen and bathroom
This property offers an exceptional return on investment: a total of 18 tenants can be accommodated amounting to a gross total income of R 33 000 monthly.
In addition, this property is rezoned to RES 3 and has 3-phase electricity, presenting an exceptional opportunity for property developers.
Don’t miss out on this remarkable investment opportunity – call me today!
Features
Pets Allowed
No
Interior
Bedrooms
14
Bathrooms
4
Kitchen
3
Furnished
No
Exterior
Security
No
Flatlet
2
Pool
No
Sizes
Floor Size
526m²
Land Size
1,405m²
Extras
Bath, Toilet and Basin; Built in Wardrobes; Burglar Bars; Carpets; Curtain Rails; Flatlet; Garden; Shower, Toile tand Basin; Student Accommodation; Tiled Floors; Totally Walled
Get Email Alerts
Sign-up and receive Property Email Alerts of Freeholds for sale in None, 234.