1 031.5 m² Commercial space in North End
STUDENT ACCOMMODATION ACCREDITED WITH NSFAS
CALLING ALL INVESTORS : STUDENT ACCOMMODATION ACCREDITED WITH NSFAS
The Seller is VAT registered and the purchase price excludes VAT. If the Buyer is registered as a VAT vendor, the sale will be a going concern and VAT will be NIL
51 x Student beds 2 Floors of accommodation Male & Female
Monthly income R224 264
Operational expenses R61 344
Net Income R162 920 Monthly
Cap Rate of 25.06
Land size 684m2
Floor space 1031.52m2
Zoning Industrial Zone 2
Accredited with NSFAS since 2020
24-hour security
Communal kitchen, bathroom, and shower room on each floor
TV lounge with a DStv package, Computer Room & Study available
CCTV Camera with 24-hour Security & Bio Metric Access
Please note there are no municipal plans and no occupation certificate available
The zoning would need to be change to BUS1 or 2 if finance is needed
The information provided is believed to be true and correct but does not form part of any agreement
Property details
- Listing number T5644633
- Property type Commercial
- Listing date 6 Oct 2026
- Land size 684 m²
- Floor size 1 031.5 m²