Property Details

This property used to be operated as a guest house but is now re-instated to accommodate students, as it is within walking distance to the UFS, Mimosa Mall & taxi rank. Currently occupied by 8 students, it generates a monthly rental income of R33 000 p/m with signed running lease agreements. The possibility to accommodate an additional 14 students is viable should the conference centre be re-developed into accommodation. An additional 6 students can be accommodated upstairs having their own kitchen, pantry and dining room. Included : Water Electricity: pre-paid R350 (any extra is for their account) Wifi Cleaner 1 x per week Refuse removal done by a private company. Extras to the property: Furniture and equipment included Borehole pumping 4500l/h Off the grid Jo-Jo tank UPS- Supplying you Wi-Fi in load shedding times Give me a call to show you this great ROI property.