- 16
- 7
- 393 m2
- 858 m2
Monthly Costs
Monthly Bond Repayment ZAR .
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Mun. Rates & Taxes: ZAR 3874.00
Property description
INVEST IN THIS UP and RUNNING CONCERN- STUDENT ACCOMMODATION
Two separate Dwellings on the mother erf offers well maintained Student accommodation SOLD Lock stock and Barrel great income generating Student Accommodation Investment Opportunity - 16 Bedrooms and 7 Bathrooms 8 parking's Near Nelson Mandela University
This well- located student accommodation offers 16 bedrooms with 7 Bathrooms, two fitted kitchens two large lounges for get togethers providing comfortable living for students throughout their academic year.
Conveniently situated near the Nelson Mandela University, the property is within close proximity to a shuttle service, a Spar food store, and various other amenities, ensuring easy access to daily necessities.
During December and January the property transitions into an Airbnb rental, maximizing its income potential.
A fantastic Investment opportunity, offering consistent rental income and great versatility.
Secure Parking for 8 cars
Wifi
This property is sold lock stock and barrel
Income of the Property 10 bedrooms Magadi Manor Actual rental for 2025 R39, 750.00
Income of 6 bedrooms Kita house R30, 000.00 Total income on this investment R69, 750.00
The leases are in place for 2025 and December the house is used as and Air B + B with extra income.
Property Details
- 16 Bedrooms
- 7 Bathrooms
- 1 Ensuite
- 2 Lounges
- 2 Dining Area
Property Features
Video
| Bedrooms | 16 |
| Bathrooms | 7 |
| Floor Area | 393 m2 |
| Erf Size | 858 m2 |
Contact the Agent
Marjory Ferreira
Full Status Property Practitioner