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R16,100,000

Prime Investment in Scottsville!!!

If you are an investor, looking to reap the benefits of the ever Thriving, "Student Accommodation" Business, then this is the perfect investment for you.

This modern, new development is positioned within close proximity to universities and high schools. The neighborhood is home to many businesses operating from converted dwellings.

The apartments are well designed, with good quality finishes and can accommodate 71 students.

Section 1, accommodates 26students, all rooms are furnished with beds, desks, and built in cupboards, 5 bedrooms, 2 kitchens, 2 dining rooms, TV rooms and laundry.

The basement consists of the staff accommodation and security office, fitted with cameras.

Section 2, is a 3 storey building and can accommodate 45 students, all rooms are furnished with beds, desks and built in cupboards.

There is a total of 27 rooms, 9 bathrooms and 9 kitchens.

Approximately +- 500m2 of land is available for parking or further development.

You do not want to miss out on this great opportunity!!!!!

Make an Offer Today....

Call me to arrange an appointment to view.

Features

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0
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
1,800m²
Land Size
2,500m²
 
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

228,667.43

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