R 19 800 000
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Commercial space in South Beach

303 m²

Investment opportunity to develop as student accommodation

86 apartments

50 small and 36 large

Each with own bathrooms and kitchens

Access control and secure parking

Walking distance from beach and university

GLA around 4 482 m2

Rates and taxes around R 26 000 per month

Gross income around R 3.8 million per annum

Parking currently being let hy municipality

Property details

  • Listing number T4557059
  • Property type Commercial
  • Erf size 303 m²
  • Rates and taxes R 25 000

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