R2,595,000

10 bedroom house for sale in Westdene

27 2nd Avenue
10 Beds
4 Baths
496m²
Pets Allowed
Nfsas Accredited Commune For Sale In Westdene

This exceptional student accommodation offers a unique investment opportunity, making it a lucrative investment to any property portfolio. Located in the thriving student area, this property is fully approved and comprises of 10 bedrooms in the main house and a one bedroom cottage. Three of the rooms are sharing with 13 students on the inside and one in the cottage. (total of 14 students)

Each room is designed with student comfort and convenience in mind, offering a blend of privacy and communal living. The high demand from students ensures high occupancy and guaranteed rental income.

The property is managed and maintained by the owner together with the caretaker.

The rate per student is R 5000.00 per month, hence the monthly rental income R 70 000.00 less expenses, these numbers will be shared with serious buyers.

Don't miss out on this prime investment opportunity. Contact us today to arrange a viewing and secure your stake in this high-yield student accommodation.

Property Type
House
Bedrooms
10
Bathrooms
4
Stand Size
496m²
Living Area
1
Rates & Taxes
R1,700
Flatlet
Yes
Pets Allowed
Yes
Flat / Cottage
Yes
Fibre
Yes
Reference
LH-176090
Address
27 2nd Avenue
Property history
Listed for sale at R2,595,000
21 May 2024
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