Located close to the university campus (1,6 km), in Idas Valley, the ideal property to accommodate at least 15 students in 10 bedrooms.This property, on 2 levels, offers an excellent return on Investment as a student house. Approved floor plans & council permission to install a swimming pool, are available.
Projected rental income of R480,000 offers a handsome 14,5% return on income for 2020 which can be increased by capitalizing on AirBnB rentals for summer periods during university December holidays. The 10-Bed house consists of 5 Single Rooms (5 Beds) and 5 Twin Rooms (10 beds). New Communal bathrooms with toilets have been installed both upstairs & downstairs. New communal kitchen installed & property also has a lovely landscaped garden area, braai section & security gates.
The face brick exterior requires low maintenance and the interior still boasts its original wood floors, which contributes to the continental feel of the interior.Tandem parking for 3 cars and possibly a few scooters.
Included in the selling price are CCTV cameras, and access to a WiFi network. The elegant and tastefully minimalist furniture and equipment worth R240 000 is also included in the price.