Retail space in Mmabatho

AN EXCELLENT INVESTMENT OPPORTUNITY TO ACQUIRE AN ESTABLISHED STUDENT ACCOMMODATION PROPERTY IN NORTH WEST PROVINCE, WITH AN ASKING PRICE OF R2,600,000

THE PROPERTY COMPRISES 15 FULLY FURNISHED SINGLE ROOMS, ALL CURRENTLY FULLY OCCUPIED BY STUDENTS. EACH ROOM, IS EQUIPPED WITH A SINGLE BED , HEADBOARD, PEDESTAL, WARDROBE AND STUDY DESK.

ESTABLISHED RENTAL INCOME.......

THE PROPERTY GENERATE R73,856.25 PER MONTH IN RENTAL INCOME, WITH ALL 15 ROOMS CURRENTLY OCCUPIED. STUDENT STAY FOR 10 MONTHS EACH YEAR, IN LINE WITH THE ANNUAL STUDENT ACCOMMODATION CYCLE.

BASE ON THE REPORTED MONTHLY INCOME OVER 10 MONTHS, THE PROPERTY GENERATES R738,562.50 IN RENTAL INCOME PER ACADEMIC YEAR.

PROPERTY FEATURES AND AMENITIES

15 FULLY FURNISHED SINGLE ROOMS

15 BEDS, DESKS, WARDROBES, HEADBOARDS , AND PEDESTALS

3 TOILET WITH BASINS AND 3 SHOWER WITH BASINS

2 WASHING MACHINE, 2 FRIDGE, 2 MICROWAVES AND 2 KETTLE

1 DEEP FREEZER AND 2 GAS STOVE

2 GAS GEYSERS

5KW SOLAR SYSTEM WITH SOLAR PLUGS IN EVERY ROOM,ALONGSIDE ESKOM PLUGS

500-LITRE JOJO WATER TANK

16- CHANNEL SECURITY CAMERA SYSTEM

55-INCH SMART TV

2 CARPORTS

THIS IS AN OPPORTUNITY FOR INVESTORS SEEKING AN ESTABLISHED STUDENT ACCOMMODATION OPERATION WITH EXISTING OCCUPANCY, FURNISHED ROOMS AND REPORTED RENTAL INCOME.