Commercial space in Musgrave

Conveniently Located in Walking distancetoDUT

This property currently features 11 bedrooms, comprising the following:

3 rooms with en-suite bathrooms

2 rooms that share a bathroom

6 single rooms

Financial Overview:

Current income: R42,000 per month

Expenses (including cleaning): R13,000 per month

There is also a plot of land available for development, offering the opportunity to expand while generating ongoing income. The property has the potential to accommodate up to five floors, with four apartments per floor and four bedrooms per apartment. This configuration would be ideal for accommodating 80 to 90 students.

CHRIS AND LISA PEARSON PROPERTIES (PTY) LTD trading as RE/MAX Address (Berea) operates in terms of a franchise agreement with RE/MAX of Southern Africa.