355 m² Commercial space in North End

1 montrose, 4 hancock street

416 m² 355 m²

NORTH END BLOCK OF FLATS POTENTIAL STUDENT ACCOMMODATION PROPERTY FOR SALE

CALLING ALL INVESTORS:

THE PROPERTY CONSISTS OF THE FOLLOWING:

4 x 3 Bedroom apartments

Every apartment is fitted with a prepaid electricity meter

Erf Size: 355m2

Estimated Floor Size 416m2

The current zoning is IND2 commercial bond only

Asking Price is R2 300 000

The building is fully let and is generating R27 010 in rental per month R2114 in water recovery

The monthly expenses are R9779

The net monthly income is R19 345

Cape Rate of 10.09

The building could easily be converted in an accredited Student Accommodation

12 bedrooms to accommodate 24 students R4200each R100 800

4 Bathrooms

4 Kitchens

4 Lounges

Call us today to discuss all options available and secure a private viewing.

The information provided is believed to be true and correct but does not form part of any agreement