Property description

Fantastic opportunity for an investor, an established block of flats 34 units with a long term lease agreement from TUT paid directly by NSFAS to the current owners/directors of the prestigious building. Excellent condition completed in 2019.  

Building: 

34 units 

30 (2) bedroom units 

4 (1) bedroom units 

HEAT BUMP GEYSER SOLUTION 

Ample parking for vehicles inside 

Excellent security biometric access gates 

CCTV camera's installed around the building 

Fully furnished with all the basics 

Washing laundry room for students 

Only 19 km from the main campus 

Fibre ready 

Can be purchased as a going concern. 

Financial and audited financial statements available only to serious buyers. 

2 bedroom units - 4 students occupy 

1 bedroom units - 2 students occupy 

Remarkable monthly income directly paid by NSFAS (figures available to serious buyers)   

Audited financials available, overheads versus final profit margins available to serious potential buyers

24/hr security 

Full time Caretaker on premises 

Organised bus services for all students to travel to campus daily 

Fully occupied premises with a waiting list of students and parents for accommodation 

Contact us to organise a viewing. Opportunity of a life time for the right buyer investor group.