- 57
- 9
- 1 413 m2
Monthly Costs
Monthly Bond Repayment ZAR .
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Mun. Rates & Taxes: ZAR 10513.00
Property description
This block of flats comprise of a three-storey building constructed of partly face brick and brick plastered and painted exterior with a double-pitched corrugated iron and concrete roof. The building has 57 bedrooms, each with a shower and basin, a caretaker flat, and 9 communal ablution areas.
There are three different types of rooms: 36 hallway rooms, 16 north-facing rooms, and 5 corner rooms. The block is equipped with a fire escape on the south side. There are also 2 open carports and 12 under-roof parking bays, 3 store rooms, and a transformer room. The building was fitted with communal kitchens on every floor. Every unit was fitted with a pre-paid electricity meter. As an investment, this building currently provides student accommodation and also houses private tenants. The building was accredited by CUT for their students. Preliminary financial models show this business to be cash-positive from the outset.
Property Details
- 57 Bedrooms
- 9 Bathrooms
Property Features
| Bedrooms | 57 |
| Bathrooms | 9 |
| Erf Size | 1 413 m2 |
Contact the Agent
Rinette Swanepoel
Full Status Property Practitioner