R5,780,000

R5,780,000

13 Bedroom Apartment Block For Sale in Quigney
13
Bedrooms
13
Bathrooms
Print

PREMIUM STUDENT ACCOMMODATION IN QUIGNEY

Web Ref. SIR125457
Land size 1538.00 m²
Floor size 1074.00 m²
Monthly Bond Repayment
R57,706.35
4 self-contained apartments - offering accommodation for 24 students. Each unit is secure and self-contained especially designed for student living. The apartment block is double storey. Each apartment accommodates 6 students.

24 students can be accommodated. Each room offers: - 1 cupboard per student, 2 single beds and a desk. The bathrooms offer a shower, bath, handbasin and toilet. Fitted kitchen with cupboards and a 4- plate hob. Includes a fridge, microwave, sink and draining board. Secure access with a 24 -hour security on duty. Remote controlled gate and electric fence.

There are also 2 rooms separate (outside) from the main residence. One room is a single room, and the other room is a double room. Both have private kitchen and bathroom. These outside rooms are ideal for post-graduates wanting more privacy.
The property is zone residential 5 under the BCM zoning scheme.

There are 3 vacant stands adjacent to the accommodation for extension. The seller has the plans available. This is turnkey student accommodation with strong rental demand and room to expand.

Great for investors who want to enter the property market, either increasing the footprint of student accommodation or building extra apartments for rental purposes. This is a multi-unit set-up which diversifies risk. Great for investment who are requiring an immediate yield and development in town with a chronic shortage of student accommodation/housing.
Outside cleaning services clean twice weekly and outside security services.
For further information please contact me.
Monthly Rates R8,508.50

Features

Interior
13 Bedrooms
13 Bathrooms
1 Kitchen
1 Lounge
1 Study
Exterior
Security
Sizes
Land Size 1,538 m²
Floor Size 1,074 m²
Additional Amenities
Guard
Storeroom
Level Road
Double Storey
Listing Info
Date Listed 30-06-26

Quigney, East London

Google map for 13 Bedroom Apartment Block For Sale in Quigney

Disclaimer

While every effort will be made to ensure that the information contained within the Lew Geffen Sotheby's International Realty website is accurate and up to date, Lew Geffen Sotheby's International Realty makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.