Land Area 627 m²
Rates R 4774
Established Student Accommodation in Umbilo. This student Accommodation houses 130 students from UKZN Westville & Edgewood campuses. The Accommodation is co ed and works on a 3 year contract accredited by NSFAS.
There is a mixture of 1, 2 and 3 sleeper rooms. Each unit has its own fridge, desks and cupboards. Each of the 3 floors has a common kitchen and bathroom.
There are 2 TV rooms, 3 Communal study rooms and 1 shared laundry room with communal wash lines. The building offers biometric access and has CCTV cameras in all common areas.
Total rental income is R510,078 per month. Total expenses is R56,774 per month. With a return on investment of 20%, don''t miss out on this amazing investment opportunity.
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