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R 40 000 000

Commercial Property for Sale in Windermere

21 May Street, Windermere, Durban

400 m²

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ELIZABETH PAKKIRI

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Pragasen Nadarajan - Durban Central

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The ultimate turn-key student accommodation investment opportunity!

Triton House - Premium Student Accommodation

Exclusive Contract with Durban University of Technology (DUT)

Unbeatable Investment Opportunity

Triton House offers a unique chance to invest in premium student accommodation, with a secure contract with DUT until November 2024. Enjoy a impressive monthly income of R885,000 from student rentals, plus an additional R60,000 from commercial components. With operational costs at R192,000, you'll enjoy a remarkable ROI of 19.29%.

Key Features:

- 126 rooms, housing 253 students

- Current rate per student: R3,500

- Security: R25,000

- Rates, water, and electricity: R130,000

- Wi-Fi: R7,000

- Cleaning: R22,000

Don't miss out on this exceptional investment opportunity! Contact us today to schedule a viewing and make Triton House your next smart investment.

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Property Overview

Listing Number

114567499

Type of Property

Commercial Property

Street Address

21 May Street, Windermere

Lifestyle

Student Accommodation

Listing Date

21 June 2024

Erf Size

1 261 m²

Floor Size

400 m²

Rates and Taxes

R 35 990

Building

Standalone Building

Yes

Other Features

Internet Access

Fibre

Points of Interest

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