Student Accommodation for Sale in Newlands
updated on Feb 23, 2024
R 4 700 000

WEB REF: 706913

Property Summary
  • Selling Price R 4 700 000
  • Property Type House
  • Erf Size 750 m2
  • Rates & Taxes R 500.00


  • Beds 26
  • Baths 4
  • Parking Bays 4
Description

An opportunity to expand your investment portfolio. A Student accommodation is up for sale and is well located in close proximity to UJ Kingsway Campus. This property has been a going concern and it gives you an opportunity to take over the company, allowing you to avoid transfer duties. The property accommodates 24 students and one room is reserved for the care taker. The property has 2 communal bathrooms which both includes 4 showers and 4 toilets. There is 4 single bedrooms which have their own bathrooms. The is an open plan kitchen and lounge. The kitchen offer 3 Gas stoves which are fully functional. O the outside, we have a braai area, carports and CCTV cameras which are connected the owners device. The property is NSFAS accredited and in 2023 NSFAS paid R4554 per student,

Additional Features
      Property Address

      Newlands, Johannesburg, Gauteng

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