26 Bed Apartment in Port Elizabeth Central

CALLING ALL INVESTORS:

ESTABLISHED STUDENT ACCOMMODATION

26 bedrooms to accommodate 45 beds. (8 singles, 18 sharing)

Monthly Rental Income: R188 041

Monthly Expenses: R48 056,17

Monthly Net Income: R139 984, 83

Yearly Net Income: R1 399 848,30

ROI: 19,72%

THE PROPERTY CONSISTS OF THE FOLLOWING :

2 x lounges with couches and DSTV

Dedicated study room with cubicles and printer

3 x Communal Washing Machine

2 x kitchens with 4 plates stoves

Sunny courtyard to relax in the sun

Pool table & Table tennis

Cleaning service for communal area

Communal study room

Guard room with CCTV control / cameras

Bio-metric access for extra security

Borehole and water tanks - water cost savings!

This is a spotless, well run Res with zero tolerance, with an efficient caretaker that lives on site.

Made up of 2 renovated buildings focusing on security and providing proper, clean accommodation for students away from home.

The information provided is believed to be true and correct but does not form part of any agreement