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R14,500,000
For Sale

Description

This property is currently being used to accomodate students

Newly renovated, neat and clean. Possible to accomodate 78 students

Contracted to university ,  Current income per month around 300k

Consists of 11 apartments, accomodating 7 to 8 students per room. Each apartment has lounge , bedrooms, kitchenette , study areas.

Situated in south beach, close to other student buildings

Close to the beach

Take note that this building is sold together with a second  building , accomodating a total of 154 students @ R4500 per student. Contract with  nsfas for three years and this is year one. So the total asking price is R30m

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Details

Updated on May 3, 2025 at 12:14 pm

  • Reference #: 1335729
  • Price: R14,500,000
  • Suburb / Town: Durban
  • Property Type: Apartment / Flat
  • Bedrooms: 25
  • Bathrooms: 11
  • Living Areas: 11
  • Stand Size: 531.0 m²
  • Rates & Taxes: R 7000

Additional Features

    • Bedroom Features:
    • Built in cupboards, tiled floors, curtains, beds, study desk
    • Bathroom Features:
    • shower, toilet, basin
    • Kitchen Features:
    • built in cupboards, stove, microwave
    • Security Features:
    • finger print access

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