CALLING ALL INVESTORS : STUDENT ACCOMMODATION
The Seller is VAT registered and the purchase price excludes VAT. If the Buyer is registered as a VAT vendor, the sale will be a going concern and VAT will be NIL

82 x Student beds (4 Floors of accommodation - Females only)
Monthly income R359 195
Operational expenses R98 841
Net Income R260 353.83 (Monthly)
Cap Rate of 20.03%
Floor space 1600m2
Zoning Business Special Purpose
Accredited with NSFAS since 2016
24-hour security
Communal kitchen, bathroom, and shower room on each floor
TV lounge with a DStv package, Computer Room & Study available
CCTV Camera with 24-hour Security & Bio Metric Access

Please note there are no municipal plans and no occupation certificate available
The property is situated on 3 separate erf and they are not consolidated.
The zoning would need to be change to BUS1 or 2 if finance is needed

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