Prime Investment Home near Nelson Mandela University

Prime income generating property with current tenants just metres from the Nelson Mandela University. Large ranch style home on a large plot, well designed for student accommodation creating the perfect learning environment for students. Be the first to put in an offer on this multi-storey home that is generating income right now. Possible income of +/- R40,000 per month depending on occupancy and type of management accommodation required on-site. Giving a potential gross yield of about 13%. There are 13 bedrooms with 6 bathrooms in total. Accommodation Layout: Main Home 4 bedrooms Two full bathrooms, one is an en-suite off the main bedroom Guest toilet and basin groundfloor Built-in cupboards in all rooms Large open plan concrete kitchen with scullery Large central open plan lounge and dining room on the groundfloor Open balcony with views Store room Self-contained Cottage (could be used as on-site manager's accommodation) 3 bedrooms with built in cupboards on groundfloor – one bedroom is airconditioned Full bathroom Kitchen with built-in cupboards Own separate entrance with one parking bay behind gates. Left Wing Flat 2 bedrooms on groundfloor Bathroom consisting of shower, basin and toilet Separate Flat 4 separate bedrooms on groundfloor 2 kitchenettes and 2 bathrooms with showers - each 2 bed unit shares a kitchenette and bathroom The low maintenance exterior with face brick and aluminium windows and sliding doors offers the new owner a saving on maintenance costs to increase returns in future. There are 3 undercover parking bays and further parking for another 3 vehicles off-street. Security features consist of electric fence on the perimeter and remote motorised gate. Located just 950metres from the Nelson Mandela University Main campus and 300metres from Gomery Avenue for transport, this investment property is in the perfect location to cater for students' needs. Summerbreeze Super Spar is under 2km's from your front door. Pollock Beach and Something Good Roadhouse is just 5 minutes down the road. Invest now before the new academic year begins. Please call me to book a private appointment.