Registered with PPRA

INVESTORS TAKE NOTE | UPMARKET STUDENT ACCOMMODATION

  • R3,995,000
Featured For Sale
Summerstrand
Featured For Sale

INVESTORS TAKE NOTE | UPMARKET STUDENT ACCOMMODATION

Summerstrand
  • R3,995,000

Overview

Property ID: HZ6342891
  • House
  • Property Type
  • 10
  • Bedrooms
  • 10
  • Bathrooms
  • 356.53

Description

Highly sought-after, student accommodation, correctly zoned, and with all municipal approvals in place, this complex must be seriously considered if you are a business person who will realise this is a money pot!

This student complex features:
10 spacious bedrooms, each with en-suite bathrooms.
All the bedrooms consist of a single bed, refrigerator, freezer, worktable, and chair.
All 10 rooms are identical, featuring prepaid electricity meters.
Communal kitchen and laundry facilities with a well-equipped kitchen for cooking.
Shared lounge/entertainment area.
Solar panels for efficient water heating.
The building is secured with an alarm system and conveniently located within walking distance to NMMU.
Parking is available behind remote-controlled gates.
Fiber connection is already established.
Since 2018, the accommodation has maintained full occupancy. Lease agreements are secured until December 2024, with the option for renewal, offering an outstanding return on investment to cover the entire bond.
Qualified investors are encouraged to reach out for a private viewing with Barry Carter.

While every effort has been made to ensure the accuracy of this advertisement’s content, no responsibility will be assumed for any errors or omissions it may contain.

Address

  • City Port Elizabeth
  • State/county Eastern Cape
  • Zip/Postal Code 6001
  • Area Summerstrand
  • Country South Africa

Details

Updated on April 17, 2024 at 4:34 pm
  • Property ID: HZ6342891
  • Price: R3,995,000
  • Property Size: 356.53 m²
  • Bedrooms: 10
  • Bathrooms: 10
  • Property Type: House
  • Property Status: For Sale

Additional details

  • Rates:
  • Levies:

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Barry Carter
  • Barry Carter