R 7 Million P/annum Return / R 583k rental income per month – Student Accommodation walking distance to UJ

  • R45,000,000
University of Johannesburg, Kingsway Avenue, Rossmore, Johannesburg Ward 69, Johannesburg, City of Johannesburg Metropolitan Municipality, Gauteng, 2001, South Africa
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University of Johannesburg, Kingsway Avenue, Rossmore, Johannesburg Ward 69, Johannesburg, City of Johannesburg Metropolitan Municipality, Gauteng, 2001, South Africa
  • R45,000,000

Description

R 7 Million P/annum Return / R 583k rental income per month – Student Accommodation walking distance to UJ

This well-maintained student accommodation is situated +- 10 km from UJ University and is accredited by the University and is sold as a going concern with a well-managed team running the residence, bus for student transport, and is 100% occupied. The residence is close to South Gate Mall so is very convenient for students shopping, food, and whatever they desire.

UJ Accreditation | WIFI | Bus to transport students to the University | DSTV | Accommodates 148 students (100% occupied) | Income R7 104 000 p/a| Income paid by University – not students | 40 Bathrooms | 80 single Bedrooms | 68 Sharing Bedrooms | 34 Kitchens | Laundry room | Great security | Security room | Electric fencing | CCTV | VAT transaction

Rental increase for 2020 to 2021 at 6.7%

Details

  • Price: R45,000,000
  • Property Size: 4105
  • Land Area: 4105
  • Bedrooms: 148
  • Bathrooms: 40
  • Property Type: Apartment
  • Property Status: For Sale

Overview

  • Apartment
  • Property Type
  • 148
  • Bedrooms
  • 40
  • Bathrooms
  • Universities University of Johannesburg
  • City Johannesburg
  • Suburb Auckland Park
  • Country South Africa

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