- 16
- 16
- 655.0 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
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Mun. Rates & Taxes: ZAR 12425.00
Property description
NSFAS-Approved Student Accommodation Investment - Bulwer
Excellent income-generating student accommodation property in Bulwer, Durban, comprising 16 self-contained units on a 655 sqm erf, with 10 parking spaces.
The property has an NSFAS contract in place and is currently approved for 32 students, with potential to add a further 4 students next year.
Current Financials:
32 students × R4,500 = R144,000 monthly income
Monthly expenses: R63,700
Net profit: ±R80,300 per month
Net profit: ±R963,600 per annum
Expenses include rates, water, electricity, transport, staff, cleaning, security, insurance and Wi-Fi.
A strong student accommodation investment with an established NSFAS income stream and further growth potential.
Contact us to arrange a viewing or for further investment information.
Property Details
- 16 Bedrooms
- 16 Bathrooms
Property Features
| Bedrooms | 16 |
| Bathrooms | 16 |
| Erf Size | 655.0 m2 |
