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9 Bedroom House For Sale in Summerstrand

R2,499,000

Monthly Bond Repayment R26,650.08
Calculated over 20 years at 11.5% with no deposit.

Web Ref No RL32395

Exceptional Grade B Student Accommodation Investment with Full Accreditation

This fully accredited Grade B student accommodation, ideally situated within walking distance of Nelson Mandela University, presents an exceptional investment opportunity with immediate income potential. The property is designed for low maintenance and durability, standing on a spacious erf with potential for future expansion if desired.

Student Tenant Overview:

Accommodates 7 NSFAS-supported students and 2 private, cash-paying students.
Financials: Proven income statements from current tenants available upon request.
Additional Features:

Prime Location: Just minutes from NMU, ensuring consistent student demand.
Large Garden Area: Includes a partially enclosed entertainment/braai space and additional parking for several cars if needed.
Investment Potential
This property is ideal for investors seeking reliable rental income. With its established tenant mix and close proximity to NMU, it ensures a stable and ongoing revenue stream.

Property Features & Amenities:

Accommodation: 9 bedrooms, 3 bathrooms
Kitchens: 2 (one full kitchen and one kitchenette)
Living Space: Large living room opening out to the entertainment area

Features

Bedrooms 9
Bathrooms 3
Recep. Rooms 2
Floor Size 224m²
Land Size 939m²
Carports/Parkings 6
Furnished Yes
Pets Allowed Yes
Monthly Rates R1,419.41