Please note that you are using an outdated browser which is not compatible with some elements of the site. We strongly urge you to update to Edge for an optimal browsing experience.
R 3 995 000

10 Bedroom House for Sale in Summerstrand

  • Bedrooms 10
  • Bathrooms 10
  • Garages 5
  • Erf Size 732.4 m²
    • m²: 732.4 m²
    • Hectares: 0.073 ha
    • Acres: 0.181 acres
Investors take note | upmarket student accommodation

Highly sought-after, student accommodation, correctly zoned, and with all municipal approvals in place, this complex must be seriously considered if you are a business person who will realise this is a money pot!

This student complex features:

10 spacious bedrooms, each with en-suite bathrooms.

All the bedrooms consist of a single bed, refrigerator, freezer, worktable, and chair.

All 10 rooms are identical, featuring prepaid electricity meters.

Communal kitchen and laundry facilities with a well-equipped kitchen for cooking.

Shared lounge/entertainment area.

Solar panels for efficient water heating.

The building is secured with an alarm system and conveniently located within walking distance to NMMU.

Parking is available behind remote-controlled gates.

Fiber connection is already established.

Since 2018, the accommodation has maintained full occupancy....

Highly sought-after, student accommodation, correctly zoned, and with all municipal approvals in place, this complex must be seriously considered if you are a business person who will realise this is a money pot!

This student complex features:

10 spacious bedrooms, each with en-suite bathrooms.

All the bedrooms consist of a single bed, refrigerator, freezer, worktable, and chair.

All 10 rooms are identical, featuring prepaid electricity meters.

Communal kitchen and laundry facilities with a well-equipped kitchen for cooking.

Shared lounge/entertainment area.

Solar panels for efficient water heating.

The building is secured with an alarm system and conveniently located within walking distance to NMMU.

Parking is available behind remote-controlled gates.

Fiber connection is already established.

Since 2018, the accommodation has maintained full occupancy. Lease agreements are secured until December 2024, with the option for renewal, offering an outstanding return on investment to cover the entire bond.

Qualified investors are encouraged to reach out for a private viewing with Barry Carter.

While every effort has been made to ensure the accuracy of this advertisement's content, no responsibility will be assumed for any errors or omissions it may contain.

Bedrooms Bedrooms: 10
Bathrooms Bathrooms: 10
Parking Parking: 5
Solar Panels, Solar Geyser Solar Panels, Solar Geyser
Listing number: P24-113984706, Image number: 1
Listing number: P24-113984706, Image number: 2
Listing number: P24-113984706, Image number: 3
Listing number: P24-113984706, Image number: 4
Listing number: P24-113984706, Image number: 5
Listing number: P24-113984706, Image number: 6
Listing number: P24-113984706, Image number: 7
Listing number: P24-113984706, Image number: 8
Listing number: P24-113984706, Image number: 9
Property Overview
Listing Number
113984706
Type of Property
House
Listing Date
12 February 2024
Erf Size
732.4 m²
Floor Size
356 m²
Coverage
48 %
Bedrooms
10
10 bedrooms with fridge/freezer, work desk and chair
Tiled Floors, Built-in Cupboards, Single Bedroom
Bathrooms
10
each room has en-suite
Tiled Floors, Shower, Bath, Toilet and Basin
Kitchen
communal fitted kitchen, 2 microwaves, 2 mini ovens/2 plates, 1 top loader washing machine
Open Plan, Laundry, Washing Machine Connection, Tiled Floors, Built-in Cupboards
Lounge
Tiled Floors, Recreation Room
Parking
5
Parking 1
behind remote gates
Secure Parking
Parking 2
behind remote gates
Secure Parking
Parking 3
behind remote gates
Secure Parking
Parking 4
behind remote gates
Secure Parking
Parking 5
behind remote gates
Secure Parking
Solar
Solar Panels
Solar Geyser
Loading Loading

Bond Calculator

R
R
%
years
Monthly Repayment:
Total Once-off Costs:
Min Gross Monthly Income:
*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.

Video

Loading Loading

Contact Agents

(* Please enter phone number so the agent can contact you.)
By continuing I understand and agree with Property24’s
Terms & Conditions and Privacy Policy.

Contact Agents

(* Please enter phone number so the agent can contact you.)
By continuing I understand and agree with
Property24's Terms & Conditions and Privacy Policy.

Share

PrintPrint
Brochure
Loading