SOLD,
Living room in main house
SOLD
SOLD
SOLD
SOLD,
Scullery Main house
SOLD
SOLD,
entertainment room/patio
SOLD,
Entrance to communal garden
SOLD,
Parking double garage
SOLD,
Private garden
SOLD,
extra parking for cars
SOLD
SOLD
SOLD,
Living room main house
SOLD
SOLD
SOLD
SOLD,
MES
SOLD,
sec 2 Bathroom
SOLD,
Sec 2 bathroom
SOLD
SOLD,
Section 2
SOLD,
Storeroom
SOLD,
section 3
SOLD,
Tank linked to the house
SOLD
SOLD,
Lounge 3rd section
12 Bedroom House Sold in Summerstrand
R2,900,000
Monthly Bond Repayment R30,428.42
Calculated over 20 years at 11.25% with no deposit.
Web Ref No RL32353
Exceptional Investment Opportunity: Fully Accredited Grade B Student Accommodation
This Grade A student accommodation, fully accredited and ideally located within walking distance of Nelson Mandela University, offers an outstanding investment with immediate income potential. Designed for low maintenance and durability, the property is divided into three separate, fully furnished sections.
Property Features:
Three Distinct Sections:
Section One: Dedicated manager or family unit, featuring a spacious open-plan lounge and dining area, open kitchen, one bedroom, a bathroom, and a large undercover patio with a built-in braai. (Furniture not included)
Section Two: Contains five bedrooms, three bathrooms, a living room, and individual self-catering setups with kitchenettes. (Furniture included)
Section Three: Includes six bedrooms, three bathrooms, a shared lounge, and a kitchen.
Low Maintenance & High Durability:
Durable face brick exterior with aluminum windows
Separate laundry facility
Pre-paid electricity meter
Cost-effective borehole water supply
Fully Furnished (excluding Section One): Sale includes all furniture and appliances in Sections Two and Three.
Student Tenant Overview:
Accommodates 8 NSFAS-supported students and 3 cash-paying students.
Financials: Proven income statements from current tenants available upon request.
Additional Features:
Prime location, minutes from NMU
Expansive communal garden area
Ideal setup for consistent student demand
Investment Potential: This property is a profitable opportunity for investors seeking reliable rental income. With its established tenant mix and prime proximity to NMU, it ensures a stable, ongoing revenue stream.
Property Features:
Three Distinct Sections:
Section One: Dedicated manager or family unit, featuring a spacious open-plan lounge and dining area, open kitchen, one bedroom, a bathroom, and a large undercover patio with a built-in braai. (Furniture not included)
Section Two: Contains five bedrooms, three bathrooms, a living room, and individual self-catering setups with kitchenettes. (Furniture included)
Section Three: Includes six bedrooms, three bathrooms, a shared lounge, and a kitchen.
Low Maintenance & High Durability:
Durable face brick exterior with aluminum windows
Separate laundry facility
Pre-paid electricity meter
Cost-effective borehole water supply
Fully Furnished (excluding Section One): Sale includes all furniture and appliances in Sections Two and Three.
Student Tenant Overview:
Accommodates 8 NSFAS-supported students and 3 cash-paying students.
Financials: Proven income statements from current tenants available upon request.
Additional Features:
Prime location, minutes from NMU
Expansive communal garden area
Ideal setup for consistent student demand
Investment Potential: This property is a profitable opportunity for investors seeking reliable rental income. With its established tenant mix and prime proximity to NMU, it ensures a stable, ongoing revenue stream.
Features
Bedrooms 12
Bathrooms 7
Recep. Rooms 6
Floor Size 360m²
Land Size 835m²
Carports/Parkings 6
Furnished Yes
Pets Allowed Yes
Monthly Rates R5,100.00
Bathrooms 7
Recep. Rooms 6
Floor Size 360m²
Land Size 835m²
Carports/Parkings 6
Furnished Yes
Pets Allowed Yes
Monthly Rates R5,100.00
Extras
Accommodation
Alarm System
Bath, Toilet and Basin
Built In Braai
Built in Wardrobes
Covered Patio
Dishwasher Connection
Dual Living
Freestanding
Student Accommodation
Fibre
Agent Contact Details
Message the Agent
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