Student accommodation investment opportunity - new, 11-unit Musgrave block
Dormehl Phalane Musgrave presents something special – the sale of a new, 11-unit block in prime Musgrave’s Currie Road. It is a perfect investment for student accommodation.
This upmarket and stylish property offers nine fully-fitted, two-bedroom, two-bathroom units. It also offers two spacious, double-storey penthouse shells, each measuring 242m² and each offering three bedrooms and two bathrooms.
A big bonus is that the building has already been accredited by NSFAS for a three-year student accommodation contract for 70 students.
The property will need to be fitted out to NSFAS standards and will have the potential to generate a profit of about R257 000 per month. Phase 2 will be the completion of the two penthouse units to accommodate an extra 27 students with a potential return of R360 000 per month.
The building has a KONE lift and security is a high priority, the block offering a security control room, electric fencing and 12 parking bays, some undercover.
The block offers panoramic views and is close to shopping centres, schools, private hospitals, places of worship and public transport routes.
For more details, or to arrange a viewing, please contact Gordon.
This upmarket and stylish property offers nine fully-fitted, two-bedroom, two-bathroom units. It also offers two spacious, double-storey penthouse shells, each measuring 242m² and each offering three bedrooms and two bathrooms.
A big bonus is that the building has already been accredited by NSFAS for a three-year student accommodation contract for 70 students.
The property will need to be fitted out to NSFAS standards and will have the potential to generate a profit of about R257 000 per month. Phase 2 will be the completion of the two penthouse units to accommodate an extra 27 students with a potential return of R360 000 per month.
The building has a KONE lift and security is a high priority, the block offering a security control room, electric fencing and 12 parking bays, some undercover.
The block offers panoramic views and is close to shopping centres, schools, private hospitals, places of worship and public transport routes.
For more details, or to arrange a viewing, please contact Gordon.
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Exterior
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Listing Info
Musgrave, Durban
Bluff The headland known simply as ‘the Bluff’ - a thick green belt that has a strong attraction for those who steer clear of the built-up beachside areas of Amanzimtoti and even Umhlanga Rocks - is a collection of suburbs that cover the stretch from the military base in the north to Treasure Beach in the south including Wentworth, Austerville and even Fynnlandscloser to the harbour. The Bluff is an area about which its residents are fairly possessive. Certainly in the past, one did not say that one was from Durban if you lived on the Bluff. People who live here regard themselves as a breed apart - just speak to the surfers who think their beach is one of the city’s best-kept secrets, and one quickly realises that this may as...
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Musgrave in the news
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THE past year may have marked strong expansion into Gauteng by the Dormehl Phalane Property Group (DPPG), but when it came to prize time for the group, Read article
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ONE of the most valued and upbeat staff members of the fast-growing Dormehl Phalane Property Group (DPPG) is a man whose first job was as an audit clerk Read article
HARD-WORKING BIRD STILL FLYING HIGH
BILLY SUTER gets to know amiable LOUISE BIRD (pictured), one of the longest serving members of the Dormehl Phalane Property Group (DPPG) Read article
Disclaimer
While every effort will be made to ensure that the information contained within the Dormehl Phalane Property Group website is accurate and up to date, Dormehl Phalane Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
