R 9 900 000
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Commercial space in Bulwer
33
5
621 m²
33 units in one building
A fully tenanted block of 33 bachelor units approx. 20m² each with prepaid water and electricity. The building sits next to a large student accommodation complex .this building isn''t operating as student housing currently, it have tenants that are working professionals, which means steadier occupancy and a reliable rent roll.
The numbers
Rent: R4,700 per unit, R155,100 per month
Utilities: R33,000 per month, about 80 recovered from tenants
Insurance: R1,500 per month
Management: R3,000 per month
Net income: approx. R144,000 per month R1.73m p.a.
Gross yield: approx. 17 at asking
Location highlights
Close to Davenport
Near Glenwood Boys High School
Close to DUT
Near EFT College
Property details
- Listing number T5651988
- Property type Commercial
- Listing date 12 Oct 2026
- Land size 621 m²
Property features
- Bathrooms 33
- Open parking 5