6 Bedroom House For Sale in Summerstrand

R2,150,000

Monthly Bond Repayment R22,928.24
Calculated over 20 years at 11.5% with no deposit.

Web Ref No ORL21738

SUMMERSTRAND ESTABLISHED STUDENT ACCOMMODATION FOR SALE

CALLING ALL INVESTORS:
COMMERCIALLY ZONED ESTABLISHED STUDENT ACCOMMODATION
6 bedrooms that can be shared or occupied as single private rooms

Monthly Rental Income: R 36 941
Monthly Expenses: R 10 886,57
Monthly Net Income: R 26 054,07
Yearly Net Income: R 260 540,70
ROI: 12,12%

THE PROPERTY CONSISTS OF THE FOLLOWING :
2 x Lounges
2 x Kitchens with stove
Communal Washing Machine
3 x Bathrooms
Game room
Double garage
Security office
Sunny patio to relax in the sun
Cleaning service for communal area
Each room has a single or double bed & desk

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

Features

Bedrooms 6
Security Yes
Bathrooms 3
Recep. Rooms 1
Floor Size 337m²
Garages 2
Land Size 779m²
Carports/Parkings 4
Monthly Rates R4,310.00