Unlock the door to a lucrative investment with this prime student accommodation property, boasting an impressive income of R107,000.00 per month. With a secure lease in place until February 2026, featuring an annual escalation of 10%, this investment offers a steady and escalating income stream that is hard to match.
As the academic season drives demand for student housing to new heights, this property stands as a testament to the enduring appeal of student accommodation investments. Enjoy the peace of mind that comes with a continuous income stream, as this property practically pays for itself.
Featuring 18 fully leased apartments managed by a single tenant responsible for building maintenance, this investment is hassle-free and efficient. The monthly rates and taxes amount to R6,000.00, ensuring a manageable overhead cost.
Property Features:
17 x 2 Bedrooms units
1 x 3 Bedrooms unit
Fully-equipped Kitchen
Modern Bathroom
Electrical Stove
Prepaid Water and Electricity
Efficient Electrical Geysers
Private Balcony or Stoep in each unit
Secure with 3 Access Gates
Advanced Alarm System
Comprehensive CCTV Surveillance
Electric Fence for added security
JoJo Tank (2700lt) for water storage
On-site Laundry Facility including machines
Ample Paving for parking
Dedicated Reception/Office Space
24/7 Security Post
High-speed Wi-Fi inclusive of boosters for all units
Fire Extinguishers for safety
3-Storey Building with Elevator
Spacious 1428m Land Area
This property is meticulously designed to cater to the needs of modern students, offering convenience, security, and comfort in every aspect. Whether you choose to reinvest the surplus income to expedite bond payments or utilize it for property maintenance, the potential for growth and profitability is undeniable.
Don''t miss out on this exceptional investment opportunity. Contact your Property Professional today to secure your foothold in the thriving student accommodation market.
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