Monthly Bond Repayment R25,061.10
Calculated over 20 years at 11.5% with no deposit.
Web Ref No CEBC-1340
A well maintained 5 bedroomed student accommodation for sale. This investment property has a kitchen with lots of cupboard space and a space to connect a washing machine. All 5 bedrooms are well furnished and have built-in wardrobes and can accommodate up to 11 students. 3 of the bedrooms have an ensuite with a shower and a toilet. The house has a full bathroom with a bathtub. There is an additional separate shower and a separate toilet outside.
The property is very secure with high walls, razor wire, and cameras monitor the establishment giving you peace of mind for 24 hours. There is a Wi-Fi connection already that is in place.
The property has an additional flat at the back that has a non-student tenant with a separate entrance. The house also has a shop at the front with an additional rental income of R3500. There is a big Wendy's house that can either be converted into an additional room for rental or storage.
The backyard has a sparkling pool and a well-maintained garden.
This property has the potential of being easily converted into an Air B and B during December and January holidays.
The property is a stone's throw away from the beach and Wimpy's.
Do not miss out on this great opportunity. Remember the house comes fully furnished with students.
Features
Bedrooms 5
Security Yes
Bathrooms 2
Flatlet 2
Land Size 453m²
Pool Yes
Furnished Yes
Monthly Rates R2,140.00