16 Bedroom House in Summerstrand

Student Accommodation Investment Opportunity near University

This exceptional student accommodation property, situated close to the university, comprises two fully tenanted houses on a single erf, with potential for more.

Minami House

10 individual rooms

Monthly Rental Income: R39,750

Kita House

6 rooms(shared and individual)

Monthly Rental Income: R30,000

Combined Income: R69,750.

Expenses: R16,874.

MONTHLY NETT INCOME: R52 876.

The property has been utilized for holiday accommodation over December/January, ensuring income over 12 months. This property presents a robust investment opportunity with consistent rental income.

Contact Hagen today for further details or to arrange a viewing.

TIADOR 150 CC trading as RE/MAX Independent Properties (Lorraine) operates in terms of a franchise agreement with RE/MAX of Southern Africa.