A Double Storey Block Currently Used A Student Accommodation Business For Sale.

R 5,400,000

Can I afford this?
6 months ago387 views
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General Details
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):6+
Bathrooms (#):4+
Size (sqm):889
Description
Caritas Properties offers this fully functional student accommodation for sale in the Glenwood area of Durban.

This is an investor's dream!
It is being sold either as an ongoing business with the student accommodation business or for the buyer to use as they prefer (can be modified for their own case use: accommodation or office).

The double story has been made into a 14-room accommodation currently tenanted with 35 students but this could be extended and can accommodate more.
It has kitchens and bathrooms.

It comes with a dedicated study area.
The block is either a walking distance of or close to schools, e.g. DUT, malls, e.g. Davenport, banks such as FNB, Standard Bank, eateries, Churches, etc.

This is an investor's opportunity to build a property portfolio that yields on day one.

Contact Mbali to schedule a viewing.

Rates And Taxes: 1800
Property Reference #: 6176216

Agent Details:
Mbali Mteshane
Caritas Properties
1st Floor, Pharos House. 70, Buckingham Terrace
70 Buckingham Terrace
Westville
3629
Id Subtitle 1251965753
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Estimated monthly repaymentR 58,521
Total property loan amountR 5,400,000
Total interestR 8,644,844
Total repaymentR 14,044,844
Interest rate at 11.75% for 20 years *
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Caritas Properties
Selling for 1 year
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