7 Bed House in Discovery

This upscale student accommodation property is now available for sale, offering an exceptional opportunity for serious investors seeking high returns on investment properties.

The property features six units at the back, each ranging from 70 to 100 square meters, all fully occupied by tenants. The income breakdown per unit per month is as follows:

Unit 1 (Main House):

Rent: R 7,500.00

Deposit: R 7,000.00

Status: Occupied since 01/03/2017

Unit 2:

Rent: R 4,620.00

Deposit: R 5,000.00

Status: Occupied since 01/06/2022

Unit 3:

Rent: R 4,500.00

Deposit: R 5,500.00

Unit 4:

Rent: R 4,000.00

Deposit: R 5,000.00

Status: Occupied since 01/02/2024

Unit 5:

Rent: R 6,600.00

Deposit: R 5,950.00

Status: Occupied since 01/11/2019

Unit 6:

Rent: R 4,000.00

Deposit: R 5,000.00

Status: Occupied since 01/06/2024

Unit 7:

Rent: R 3,500.00

Deposit: R 4,500.00

Status: Occupied since 01/03/2024

Total Gross Income Before Expenses: R34720

NET INCOME : R31 000 PM

Located across the road from La Salle College, this property consistently maintains full occupancy. With a remarkable 15% ROI per year, this investment opportunity is unparalleled.

Don''t miss out on this exceptional offer. Arrange a viewing today to discover more about this incredible opportunity.

Note: The main house is currently offered at a discounted price due to the individual assisting with the student accommodation. The achievable rental price for the main house is up to R 10,000.00 per month.