R 20 000 000
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Commercial space in Musgrave
100
10
1 662 m²
- Student Accommodation: 100 students
- Room Pricing: R3,500 per student per room
- Small Rooms: 100 rooms, minimum size 6sqm
- Water Costs: R2,500 - R3,000 PM/Water Source: Borehole
- Solar Geysers: Installed on 29 and 39 (assuming specific units/buildings)
- Roof Design: Engineered design, non-flat roof
- Flooring: Tiled throughout
- Water Storage: Jojo tanks
- Water Source: Borehole
This property is perfect for investors, generating a substantial R350,000 monthly income with minimal expenses, great location for students offering a lucrative and sustainable return on investment.
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.
Property details
- Listing number T5077055
- Property type Commercial
- Listing date 14 May 2025
- Land size 1 662 m²
Property features
- Bedrooms 100
- Bathrooms 10