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9 Bedroom House For Sale in Westdene

R1,795,000


Monthly Bond Repayment R18,834.15
Calculated over 20 years at 11.25% with no deposit.

Web Ref No RL19065

Income Generating Student Accommodation 5 min walk to UJ

Generating R35 500 per month!!! With consent use from COJ (Commune License)

Calling all student accommodation investors to plug and play this into their portfolio

This student accommodation which is a street away from the University of Johannesburg is looking for a new owner

The property has 3 dwellings on the property with a total of 9 furnished bedrooms and 7 bathrooms excluding the caretaker's room

5 out of 10 rooms have ensuite bathrooms with 2 of the bedrooms able to house 2 students each.

Therefore, you can house a total of 11 students on the property

Potential income is R35 500 p/m making a total of R355 000 per annum (10 Months)

Each bedroom has a bed, table chair & wardrobe

The property is a 5 minute walk to the University of Johanneburg Kingsway Campus Gate 6

With consent use from COJ, you can apply for NASFAS accreditation as the heavy lifting as been concluded

Extras include: Double Garage, Furniture, Caretaker Accommodation

Call Ben today before it's gone

Features

Bedrooms 9
Security Yes
Bathrooms 7
Flatlet 2
Dom. Accom. 1
Garages 1
Land Size 495m²
Carports/Parkings 2
Furnished Yes
Monthly Rates R2,319.00

Agent Contact Details

Ben Malapile
Non-Principal Property Practitioner
Registered with PPRA
(FFC 202 371 454 17)

Cell 072 854 6583
Office (010) 4439932
WhatsApp Me

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