23 Bed Apartment in Sydenham
R 5 995 000
Discover a block of 23 residential apartments with ample commercial space for sale, offering a lucrative ROI of 14% per annum (based on full occupancy).
Ideal for investors seeking a profitable venture in student accommodation and prime workspace. Benjamin Court is centrally located in the vibrant suburb of Sydenham, with easy access to taxi/bus routes and the N2 highway.
If turned into student accommodation, the reconfiguration could see potential for 80 beds under NSFAS accreditation standards.
The property features 16 two-bedroom apartments, 7 bachelor apartments, and two ground floor retail stores.
Potential total income of R99,000 when fully occupied, with prepaid electricity and water meters for 16 units and included for 7 bachelor units.
Additional income from retail stores at R7,000.
Current municipal rates at R27,154.35.
Limited allocated parking bays available on a first-come, first-served basis. Expand your real estate investment portfolio today - contact me to arrange a viewing!
Disclaimer: Whilst every endeavour has been made to ensure the accuracy herein, no liability will be accepted for any errors or omissions.
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