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24 Bedroom Apartment Block For Sale in Musgrave
R25,000,000
Monthly Bond Repayment R253,807.24
Calculated over 20 years at 10.75% with no deposit.
Web Ref No DPR13201
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.
Features
Bedrooms 24
Security Yes
Bathrooms 11
Recep. Rooms 22
Land Size 1,200m²
Carports/Parkings 13
Security Yes
Bathrooms 11
Recep. Rooms 22
Land Size 1,200m²
Carports/Parkings 13
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