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R 46 000 000

Commercial Property for Sale in Kingsview

10 Kiepersol Street, Kingsview, White River

21 806 m²
- m²: 21 806 m²
- Hectares: 2.181 ha
- Acres: 5.388 acres

Contact Broker

Josh Raisun

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Student Accommodation With Great Double Digit Returns!

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...

Description:

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.

Listing number: P24-110147725, Image number: 1

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Property Overview

Listing Number

110147725

Type of Property

Commercial Property

Street Address

10 Kiepersol Street, Kingsview

Listing Date

25 July 2023

Erf Size

21 806 m²

Rates and Taxes

R 11 998

Facilities

Bathrooms

Other Features

Security

Closed Circuit TV, Electric fencing

Points of Interest

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