THIS IS A DEVELOPER OR AN INVESTOR’S DREAM PROPERTY!
Currently this property houses 22 students (the University is within 1 km from the property) that pay between R2500,00 and R3000,00 per month each, equalling to an income of approximately R61 000-00 per month. The property has prepaid electricity meters and is situated on 8565 square meters of land. A great investment opportunity with a fixed income source in place.
Alternatively for developer’s, the land could be cleared of existing buildings and re-developed for offices or for housing.
The choice is yours! An opportunity not to be missed, come see for yourself!