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Effortless income in a high-demand student neighbourhood near campus and transport, with ground-floor shops and NSFAS-accredited accommodation for 24 students, plus secure parking for six vehicles.
SOLE MANDATE
2 x Shops on ground floor
8 x Bachelor flats on the first floor
6 x additional Bachelor flats at the back
Secure parking for 6 vehicles
The current zoning is Business 2
The building has immense potential for the experienced investor
The property is registered with NSFAS as an accredited student accommodation for 24 students
The potential income is as follows
20 double beds @ R 4235.43 = R84 708.60
4 single beds @ R 4458.35 = R17 833.40
Retail rental income R 15 386.25
Total R117 928.25
If obtaining a deposit or a loan proves to be challenging, there is an option to purchase the existing company that owns the building to save transfer cost and transfer duty and take over the existing loan with TUHF.
Call us today to discuss all options available and secure a private viewing.
“The information provided is believed to be true and correct but does not form part of any agreement”
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R4,995,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 18 listings in Richmond Hill
Insight
Priced above the median for similar properties in the area. On a price-per-m² basis, it is 10% above the median. Floor size is 776% larger than typical for similar homes.
Similar properties pricing
Key differences
Market depth
18 similar listings
Medium similar-home inventory in Richmond Hill
Median time on market: 156 days
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
Richmond Hill is a vibrant, historic neighborhood in Gqeberha known for its charming Victorian architecture, tree-lined streets, and a bustling, eclectic culinary scene that appeals to young professionals and creative residents.
* Distances and amenities are approximate.
