NSFAS ACCREDITED BUILDING FOR SALE
SHARE TRANSFER POSSIBLE - Company is clean with the building as only asset with TAX Clearance
FULLY ACCREDITED AND OCCUPIED BY 116 x STUDENTS
ROI OF 14.5% (Annual nett return of R2 900 000.00 / R20 000 000.00)
FULLY CONVERTED AND FURNISHED
LOAD SHEDDING FREE AREA
- 29 x 2 Bedrooms (50m2)
- 39 x Parking bays (29 x under cover - under building)
- 1 x Caretaker apartment with 1 bedroom, kitchen, bathroom and private garden
- Security gate, guard house, electric fence, CCTV Cameras on ground floor and apartment floors
- Fire proof windows
- Occupancy Certificate and Building Plans available
- Res 4 Zoning
- Fully equipped laundry with washing lines
- Heat pump system - no geysers
- Electricity Pre-paid meter in each apartment
- 4 x students in each apartment @ R50 000.00 x 116 = R5 800 000.00 Gross per annum
- Minus 50% expenses: R2 900 000.00 Nett income per annum
LOCATION: 2.3KM to TUT Main Campus
1KM to Quagga Shopping Center and KIT KAT Cash and Carry
Walking distance to Metro Station, bus stops and taxi ranks