R23 000 000 | 134 Bedroom Commercial Property For Sale in Doornfontein, Johannesburg

This very profitable and high yield student accomodation building is up for sale in the newer area of Doornfontein. The NASFAS approved and fully accredited by UJ Doorfontein campus building comprises of a total of 134 beds at a rental of R4000 per room
It's also comprised of 39 single rooms,19x4 bed appartments. All rooms are self contained with own shower/bathroom and kitchen. The building also offers a lot of extras like a huge gym,3TV rooms,a coin operated laundromat,a garage,2 offices and a caretaker flat.
The property is also equipped with street gas. The potential income when 100% occupied is +-R536000pm
Currently the building is 74%let with 100 students of which 86 are NASFAS funded,12 are bursaries funded and 2 are privately paid
SERIOUS OFFERS WILL BE CONSIDERED

• very profitable and high yield student accomodation
• newer area of Doorfontein
• NASFAS approved and fully accredited by UJ Doorfontein
• 134 beds at a rental of R4000 per room
• self contained with own shower/bathroom and kitchen
• huge gym
• 3TV rooms
• coin operated laundromat
• a garage,2 offices and a caretaker flat
• potential income when 100% occupied is +-R536000pm
• SERIOUS OFFERS WILL BE CONSIDERED