24 Bedroom Apartment Block For Sale in Umbilo

R7,000,000

Monthly Bond Repayment R71,066.02
Calculated over 20 years at 10.75% with no deposit.

Web Ref RL7564

FULLY LETTED 24 BEDROOM RESIDENTIAL BLOCK OF FLATS . IDEAL STUDENT AND RESIDENTIAL INVESTMENT.

Located in Umbilo , this fully tenanted, income generating well maintained of of flats is an excellent investment. Positioned within 5km of Howard College and the Medical School, its ideal for student accommodation or residential letting.
Property Breakdown :
4 x 3Bedroom units( each with2.5 bathrooms with open plan kitchen and lounges )
3 x 2 bedrooms with a family bathroom and open plan kitchen and lounge
4 x bachelor units with shared kitchen and bathroom.
1 x bachelor unit
2 x storerooms
2 x lock up garages
16 x open parking bays
All units have pre paid water
located in a high demand rental area with stable income and low vacancies , this is a turnkey opportunity not to be missed.