13 Bed House in Summerstrand

Prime income generating property with current tenants just metres from the Nelson Mandela University.

Large ranch style home on a large plot, well designed for student accommodation creating the perfect learning environment for students.

Be the first to put in an offer on this multi-storey home that is generating income right now. Possible income of +/- R40,000 per month depending on occupancy and type of management accommodation required on-site. Giving a potential gross yield of about 13%.

There are 13 bedrooms with 6 bathrooms in total.

Accommodation Layout:

Main Home

4 bedrooms

Two full bathrooms, one is an en-suite off the main bedroom

Guest toilet and basin groundfloor

Built-in cupboards in all rooms

Large open plan concrete kitchen with scullery

Large central open plan lounge and dining room on the groundfloor

Open balcony with views

Store room

Self-contained Cottage (could be used as on-site manager''s accommodation)

3 bedrooms with built in cupboards on groundfloor one bedroom is airconditioned

Full bathroom

Kitchen with built-in cupboards

Own separate entrance with one parking bay behind gates.

Left Wing Flat

2 bedrooms on groundfloor

Bathroom consisting of shower, basin and toilet

Separate Flat

4 separate bedrooms on groundfloor

2 kitchenettes and 2 bathrooms with showers - each 2 bed unit shares a kitchenette and bathroom

The low maintenance exterior with face brick and aluminium windows and sliding doors offers the new owner a saving on maintenance costs to increase returns in future.

There are 3 undercover parking bays and further parking for another 3 vehicles off-street.

Security features consist of electric fence on the perimeter and remote motorised gate.

Located just 950metres from the Nelson Mandela University Main campus and 300metres from Gomery Avenue for transport, this investment property is in the perfect location to cater for students'' needs. Summerbreeze Super Spar is under 2km''s from your front door. Pollock Beach and Something Good Roadhouse is just 5 minutes down the road.

Invest now before the new academic year begins. Please call me to book a private appointment.