Commercial Building for sale in Glenwood, Durban

R27,000,000
Erf 627 m²
Rates and Taxes:
R4,774 per month
Established Student Accommodation in Umbilo
This student Accommodation houses 130 students from UKZN Westville & Edgewood campuses. The Accommodation is co ed and works on a 3 year contract accredited by NSFAS.
There is a mixture of 1, 2 and 3 sleeper rooms. Each unit has its own fridge, desks and cupboards. Each of the 3 floors has a common kitchen and bathroom.
There are 2 TV rooms, 3 Communal study rooms and 1 shared laundry room with communal wash lines. The building offers biometric access and has CCTV cameras in all common areas.
Total rental income is R510,078 per month. Total expenses is R56,774 per month. With a return on investment of 20%, don't miss out on this amazing investment opportunity.
Listing details
Rooms
- Other rooms
- Study
- Open plan study
- Laundry
Other features
I'm your local property expert in Glenwood, South Africa
Durban Office
344 Florida Road, Morningside, 4001, KwaZulu-NatalRegistered with the PPRA.Holder of a Business Property Practitioner FFC. Operating a Trust Account. A Franchise of Pam Golding Franchise Services (Pty) Ltd.Durban Metro Props (Pty) Ltd t/a Pam Golding Durban
Durban Office details
