R9.95 MILLION, 12-BEDROOM INVESTMENT OPPORTUNITY, MORNINGSIDE
A 12-bedroom, 8-bathroom property offering strong potential for student accommodation, shared accommodation, B&B or guesthouse use, subject to the required approvals.
The numbers:
R5,000/room, R60,000/month, R720,000/year, 7.24% gross yield
R6,000/room, R72,000/month, R864,000/year, 8.68% gross yield
R7,000/room, R84,000/month, R1,008,000/year, 10.13% gross yield
R8,000/room, R96,000/month, R1,152,000/year, 11.58% gross yield
The property offers 3 kitchens, 4 lounges, 4 balconies, a large downstairs patio, rooftop garden and 6 parking bays, with additional parking behind the property.
Located in Morningside with education facilities nearby, including eThekwini TVET College – Centec Campus.
Sold as is. No furniture included. Kitchens require further fit-out.
If you're looking for a large-scale accommodation investment in Morningside, this property deserves your attention. Contact us today to arrange a viewing and discuss the numbers.
The numbers:
R5,000/room, R60,000/month, R720,000/year, 7.24% gross yield
R6,000/room, R72,000/month, R864,000/year, 8.68% gross yield
R7,000/room, R84,000/month, R1,008,000/year, 10.13% gross yield
R8,000/room, R96,000/month, R1,152,000/year, 11.58% gross yield
The property offers 3 kitchens, 4 lounges, 4 balconies, a large downstairs patio, rooftop garden and 6 parking bays, with additional parking behind the property.
Located in Morningside with education facilities nearby, including eThekwini TVET College – Centec Campus.
Sold as is. No furniture included. Kitchens require further fit-out.
If you're looking for a large-scale accommodation investment in Morningside, this property deserves your attention. Contact us today to arrange a viewing and discuss the numbers.
Monthly Rates
R1,847
Features
Interior
Exterior
Sizes
Additional Amenities
Listing Info
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
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