25 Bed Apartment in South Beach

Contact agent for street address

25 11 531 m²

STUDENT ACCOMODATION WITH CONTRACT

This property is currently being used to accomodate students

Newly renovated, neat and clean. Possible to accomodate 78 students

Contracted to university , Current income per month around 300k

Consists of 11 apartments, accomodating 7 to 8 students per room. Each apartment has lounge , bedrooms, kitchenette , study areas.

Situated in south beach, close to other student buildings

Close to the beach

Take note that this building is sold together with a second building , accomodating a total of 154 students @ R4500 per student. Contract with nsfas for three years and this is year one. So the total asking price is R30m

Property details

Listing number T4211460
Property type Apartment
Listing date 13 Jun 2023
Land size 531 m²
Rates and taxes R 7 000

Property features

Bedrooms 25
Bathrooms 11

Lounges 11