3 Bed Apartment in Arcadia

STUDENT ACCOMMODATION . An excellent investment opportunity

Pam Golding Properties are excited to present this excellent investment opportunity for the discerning investor looking to purchase affordable apartments offering a good Return on Investment.

We exclusively offer you to choose from - 9 x 3-bed units selling at R1 650 000. The apartments are currently rented per room to students, achieving a rental of up to R15 000 per month. The sizes of the units are 58,8 sqm (inclusive of a balcony). The units are currently tenanted and the rental schedule and lease periods can be provided on request. A return on investment (disposable) is 8,3% with appreciation pushing the total return to 13%.

This sectional title complex is located in the charming Arcadia - one of the older suburbs situated close to the Pretoria CBD and Brooklyn areas. The residents of the suburb consist mainly of government employees, foreign office employees and students attending classes at the University of Pretoria and other nearby tertiary institutions. The suburb is known for its proximity to the Union buildings and the President''s residence, historical buildings, embassies and hotels. The Mantle is walking distance to Pretoria High School for Girls and for the sport enthusiast on the doorstep of Loftus Versfeld Sport Stadium, known for its large sport events.

Shops and offices close to the complex can be reached by foot or vehicle within a few minutes.

Travel easily to Pretoria CBD via the bus route close by.

Transfer costs are paid on your behalf by the seller - a further saving to ensure an excellent return on investment.

Ask me for info as soon as possible.