R 60 000 000
INVESTMENT PROPERTY FOR SALE!!!
IN THE WARWICK TRIANGLE AREA OF THE CBD.
- • The property consists of 3 original buildings comprising of 38 flats int total, of various configurations and sizes.
- • An additional building was erected circa 2021 to meet the requirements for extra laundry services and an entertainment complex. This also can be utilized as study areas.
- • The property was acquired in 2019 by the present owners and was refurbished externally and internally, with new windows, plumbing, tiling and electrical.
- • The property accommodates 245 students keeping in line with the norms of square meters and number of students per room.
- • In conclusion at present there is a 3-year lease in place expiring on the 26/11/2027. Students have been accommodated for the last 5 years before renewal of this lease.
- • The property is situated less than 1 kilometer from the University and is thus within walking distance.