Investment in Student Accommodation

R 16,999,000

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1 year ago555 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):6+
Bathrooms (#):4+
Size (sqm):3254
Description
Investment Opportunity: Student Accommodation in Durban
Description:

This exceptional property offers a strong investment opportunity in the Durban student accommodation market. The property comprises two sections:

Existing Student Accommodation: A well-established student complex that currently houses 108 students. Each unit boasts its own private bathroom and a fully equipped kitchen for convenient living. With a contract already in place, this section guarantees immediate rental income.
Development Land: An adjoining vacant piece of land presents an excellent opportunity for further development. This prime location, earmarked for student accommodation, allows you to expand your rental capacity and maximize returns.
Additional Highlights:

Security: The property prioritizes student safety and security. On the property is CCTV and a control room, Access to the property is also monitored for extra security.
Accessibility: Located on a bus route, residents enjoy easy access to surrounding amenities and educational institutions.
Investment in this property offers:

Stable Income: Existing rental contract ensures a steady income stream.
Development Potential: Expand your capacity and rental income with the designated development land.
High Demand: Student accommodation remains in high demand in Durban, making this a secure investment.
This property is ideal for investors seeking a lucrative opportunity in the growing student accommodation market. Don't miss out on this chance to secure your investment!




Security


Call Renaldo Geldenhuys for more info or for a personal viewing time slot.


# Entrance Hall: 1
Rates And Taxes: 2949
Has Garden
Security Features: Fence, Alarm, Access Gate
Property Reference #: 3906884

Agent Details:
Renaldo Geldenhuys
Sandton
Chas Everitt
225 Kenyon Howden Road
Montclair
4004

Id Subtitle 1165677541
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Estimated monthly repaymentR 184,220
Total property loan amountR 16,999,000
Total interestR 27,213,648
Total repaymentR 44,212,648
Interest rate at 11.75% for 20 years *
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Chas Everitt
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