26 Bedroom Apartment For Sale in Port Elizabeth

Property description

CALLING ALL INVESTORS:
ESTABLISHED STUDENT ACCOMMODATION
26 bedrooms to accommodate 45 beds. (8 singles, 18 sharing)

Monthly Rental Income: R188 041
Monthly Expenses: R48 056,17
Monthly Net Income: R139 984, 83
Yearly Net Income: R1 399 848,30
ROI: 19,72%

THE PROPERTY CONSISTS OF THE FOLLOWING :
2 x lounges with couches and DSTV
Dedicated study room with cubicles and printer
3 x Communal Washing Machine
2 x kitchens with 4 plates stoves
Sunny courtyard to relax in the sun
Pool table & Table tennis
Cleaning service for communal area
Communal study room
Guard room with CCTV control / cameras
Bio-metric access for extra security
Borehole and water tanks - water cost savings!

This is a spotless, well run Res with zero tolerance, with an efficient caretaker that lives on site.

Made up of 2 renovated buildings focusing on security and providing proper, clean accommodation for students away from home.

“The information provided is believed to be true and correct but does not form part of any agreement”