RESIDENTIAL STUDENT ACCOMODATION - Kimberley
RESIDENTIAL STUDENT ACCOMODATION – Kimberley

R5,300,000.00

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RES-8897

Location: Kimberley

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RESIDENTIAL STUDENT ACCOMODATION – Kimberley

±1394m² Investment Property  
Very popular rental units. This investment Income property has been converted into 19 Bachelor flatlets and 1 one bedroom flatlet. Property is situated in close proximity of University, ideal for student accommodation, and good potential for sectional title scheme. The property has two main electricity meters for common areas and each unit has its own prepaid meter. One water meter for the entire property and costs are shared between the tenants. ZONING: Suburban Business Primery Use: Business Premises, Block of Flats & Residential, Buildings above ground floor, Licensed Hotels, Places of Assembly & Institutional Buildings. Consent Use: Public Garage, Public Worship, Place of Instruction, Putting Courses & Drive -in Restaurants. The property currently generates an investment / rental income of ±R70,900 p/m, Total Investment Income: ±R24,436.92 p/m

Specifications

Type Of Property

residential

Property Size

±1394 SQM

Country

South Africa

Rates & Taxes

± R4043.00

Levies

Sewerage: ±R212.60, Refuse: ±R148.82

Electricity

Prepaid (depending on usage)

Water

±R314.40 p/m (depending on usage)

Transfer Of Vat

Transfer Duties

R5,300,000.00

FAQ

Buying options may vary between listings, as each seller chooses the options they prefer to offer.

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Enquire About: RESIDENTIAL STUDENT ACCOMODATION – Kimberley