Description:
This well-maintained student accommodation is situated within 40km from Nelspruit and is accredited by Tshwane University of Technology and is sold as a going concern with a well-managed team running the residence, bus for student transport, and is 100% occupied. The residence is close to centres and very convenient for students shopping, food and whatever they desire. This property is situated on two erven and has a breakdown of Portion 1 and Portion 2. There is a boundary wall between the two portions and both portions can use the soccer field and netball field. This is a vat transaction.
TOTAL INCOME - R9264 000 pa
PORTION 1:
• Accredited by University of Mpumalanga
• Rental in paid by University
• Income - R2 880 000 pa
• 2 Blocks
• 60 beds
• 60 Students
• 10
kitchens
• 20 Bathrooms
• DSTV
• Study hall
• Good Security
• Electric fencing
• CCTV
• Ample parking for students & visitors
PORTION 2:
• Accredited by University of Mpumalanga
• Rental in paid by University
• Income - R6 384 000 pa
• 3 Blocks
• 33 units
• 133 students
• 33 kitchens
• 33 Bathrooms
• DSTV
• Good Security
• Electric fencing
• CCTV
• Ample parking for students & visitors
Details:
• Erf no: 216
• Erf size: 16 852 m²
• Erf no: 216-2
• Erf size: 4 954 m²
• Rates p.m.: ± r11998.00
The Claremart Group is a leader in commercial and residential properties. We attract huge crowds to our auctions and consistently match and exceed the mandated price on properties sold under our hammer.
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