8 Bed House in Glen Hills

Rental Income Spinner Potential of Approximately R400 000 per annum

Affordable Student Accommodation set in the leafy suburb of Glen Hills, with swimming pool and entertainment area. The home currently accommodates nine students with further potential to accommodate a further four to five students by renovating and converting the massive private outside garden cottage into extra accommodation. Unlimited Wi-Fi and furnished communal areas with good security CCTV monitoring.

- - 5 x single-occupancy rooms, PLUS 2 x shared double-occupancy rooms.

- - 3 x Communal bathrooms PLUS 3 x rooms en-suite.

- - Maxidor on all windows and doors

- - Ample Parking

Short walking distance to AFDA Durban Campus, of which The Residence has become the preferred student accommodation for AFDA Durban and is recommended by the AFDA Administration Department whenever enrolling students request local accommodation.

The Residence has proved to be successfully run and managed remotely with very little on-property time needed. All maintenance services (Garden, pool, and cleaning) are done on a weekly basis, and do not require immediate oversight, as bi-monthly inspections are more than adequate along with the CCTV monitoring.

Currently generating a gross annual income plus which could total as much as R 400 000 per annum.