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15 Bedroom House For Sale in Summerstrand

R4,100,000

5 Rubin Crescent

Monthly Bond Repayment R43,019.50
Calculated over 20 years at 11.25% with no deposit.

Web Ref No RL28796

Exciting Opportunity: Premium Student Accommodation Near NMU

Location: Rubin Crescent, within 1km from Nelson Mandela University (NMU) Main Campus

This fully accredited Grade A student accommodation offers an exceptional investment opportunity. The property is ideally located within walking distance of Nelson Mandela University, offering immediate income potential. Divided into three sections, this low-maintenance property is fully furnished and designed for long-term durability and convenience.

Property Features:

Three Separate Sections
Each section includes:
5 Spacious Bedrooms
2 Bathrooms
1 Living Room
1 Fully Equipped Kitchen
Total Bedrooms: 15
Low Maintenance: Face brick exterior with durable aluminum windows.
Utilities:
Pre-paid electricity meter
Borehole water supply for cost-saving efficiency
Fully Furnished: Sale includes all furniture and appliances.
Student Tenants:
Accommodates 12 NSFAS students and 4 cash-paying students.
Financials: Available upon request. Proven income from current tenants.
Additional Features:

Prime location, walking distance from NMU.
Low maintenance, ideal for student accommodation.
Investment Potential:
This property presents a lucrative opportunity for investors seeking stable rental income. The current tenant mix ensures a steady income flow, and its proximity to NMU guarantees consistent demand.

Features

Bedrooms 15
Bathrooms 6
Recep. Rooms 3
Floor Size 426m²
Land Size 1,020m²
Carports/Parkings 4
Pool Yes
Furnished Yes
Pets Allowed Yes
Monthly Rates R5,340.00

Extras ADSL
Communal Braai Area
Fibre
Freestanding
North