Property features

R29 000 000

Property Details

Veza Properties presents to you this excellent investment opportunity. The building is located in prime South beach 100m walking distance from the beach. Located next to the famous China Mall, and right on all transport routes. 86 residential units all rented out and 1 retail shop. Units are all bachelor size, both in small and large size. All units come with their own kitchen and bathroom. Suitable for student commune conversion or Holiday Letting building. Parking bays are rented separately and generate extra income. The building is suitable to continue with residential letting or convert to student accommodation or short-term letting. Unit 101 is listed online and hosting guests with a 75% occupancy rate monthly. Full short-term management services available to convert the whole building.