23 Bed Apartment in Sydenham

Discover a block of 23 residential apartments with ample commercial space for sale, offering a lucrative ROI of 14% per annum (based on full occupancy).

Ideal for investors seeking a profitable venture in student accommodation and prime workspace. Benjamin Court is centrally located in the vibrant suburb of Sydenham, with easy access to taxi/bus routes and the N2 highway.

If turned into student accommodation, the reconfiguration could see potential for 80 beds under NSFAS accreditation standards.

The property features 16 two-bedroom apartments, 7 bachelor apartments, and two ground floor retail stores.

Potential total income of R99,000 when fully occupied, with prepaid electricity and water meters for 16 units and included for 7 bachelor units.

Additional income from retail stores at R7,000.

Current municipal rates at R27,154.35.

Limited allocated parking bays available on a first-come, first-served basis. Expand your real estate investment portfolio today - contact me to arrange a viewing!

Disclaimer: Whilst every endeavour has been made to ensure the accuracy herein, no liability will be accepted for any errors or omissions.