12 Bedroom House in Morningside

A 12-bedroom, 8-bathroom property offering strong potential for student accommodation, shared accommodation, B&B or guesthouse use, subject to the required approvals.

The numbers:

R5,000room, R60,000month, R720,000year, 7.24 gross yield

R6,000room, R72,000month, R864,000year, 8.68 gross yield

R7,000room, R84,000month, R1,008,000year, 10.13 gross yield

R8,000room, R96,000month, R1,152,000year, 11.58 gross yield

The property offers 3 kitchens, 4 lounges, 4 balconies, a large downstairs patio, rooftop garden and 6 parking bays, with additional parking behind the property.

Located in Morningside with education facilities nearby, including eThekwini TVET College Centec Campus.

Sold as is. No furniture included. Kitchens require further fit-out.

If you''re looking for a large-scale accommodation investment in Morningside, this property deserves your attention. Contact us today to arrange a viewing and discuss the numbers.