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R 10 600 000

37 Bedroom Apartment / Flat for Sale in Polokwane Central

Polokwane Central, Polokwane

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37
18
5
1 m²

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Prime Student Accommodation Investment Opportunity

Unlock the door to a lucrative investment with this prime student accommodation property, generating an impressive income of R107,000.00 per month. With a secure lease in place until February 2026 and an annual escalation of 10%, this investment offers a steady and growing income stream that is hard to match.

As the academic season drives demand for student housing to new heights, this property stands as a testament to the enduring appeal of student accommodation investments. Enjoy the peace of mind that comes with a continuous income stream, as this property practically pays for itself.

Featuring 18 fully leased apartments managed by a single tenant responsible for building maintenance, this investment is hassle-free and efficient. The monthly rates and taxes amount to R6,000.00, ensuring a manageable overhead cost.

Property Features:

• 17 x 2 Bedrooms...

Property Features:

• 17 x 2 Bedrooms units

• 1 x 3 Bedrooms unit

• Fully-equipped Kitchen

• Modern Bathroom

• Electrical Stove

• Prepaid Water and Electricity

• Efficient Electrical Geysers

• Private Balcony or Stoep in each unit

• Secure with 3 Access Gates

• Advanced Alarm System

• Comprehensive CCTV Surveillance

• Electric Fence for added security

• JoJo Tank (2700lt) for water storage

• On-site Laundry Facility including machines

• Ample Paving for parking

• Dedicated Reception/Office Space

• 24/7 Security Post

• High-speed Wi-Fi inclusive of boosters for all units

• Fire Extinguishers for safety

• 3-Storey Building with Elevator

• Spacious 1428m² Land Area

This property is meticulously designed to cater to the needs of modern students, offering convenience, security, and comfort in every aspect. Whether you choose to reinvest the surplus income to expedite bond payments or utilize it for property maintenance, the potential for growth and profitability is undeniable.

Don't miss out on this exceptional investment opportunity.

Contact your Property Professional today to secure your foothold in the thriving student accommodation market.

Bedrooms: 37

Bathrooms: 18

Parking: 5

Furnished (Optional)

Listing number: P24-112272823, Image number: 1

Listing number: P24-112272823, Image number: 2

Listing number: P24-112272823, Image number: 3

Listing number: P24-112272823, Image number: 4

Listing number: P24-112272823, Image number: 5

Listing number: P24-112272823, Image number: 6

Listing number: P24-112272823, Image number: 7

Listing number: P24-112272823, Image number: 8

Listing number: P24-112272823, Image number: 9

Property Overview

Listing Number

112272823

Type of Property

Apartment / Flat

Listing Date

03 February 2023

Erf Size

1 428 m²

Floor Size

1 m²

Price per m²

R 10 600 000

Rates and Taxes

R 6 000

Furnished

Optional

Rooms

Bedrooms

Bathrooms

Kitchens

External Features

Parking

Other Features

Security

Alarm System, Closed Circuit TV

Special Feature

Balcony, Paveway, Satellite Dish

Generator

Points of Interest

Bond Calculator

*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.