Student Accommodation for Sale in Sonheuwel

Description

Accepting offers. Description: This prime student accommodation is situated right next door to TUT University (Tshwane University of Technology) and is accredited and paid by the University. The university is accredited the accommodation for five years and option to renew three times making it a total of twenty years. This investment is being sold as a going concern with a very experienced team. THE PLUS IS THERE ARE APPROVED PLANS TO HOUSE ANOTHER 46 STUDENTS. THIS PROPERTY IS SOLD AS A GOING CONCERN. PRICE: • R34 000 000 (INCLUDES APPROVED BUILDING PLANS TO HOUSE ANOTHER 46 STUDENTS) • R43 000 000 (SELLER WILL BUILD THE LAST BUILDING TO HOUSE THE OTHER 46 STUDENTS) ACCOMMODATION: • 100% occupied • 90 students • All the students are females • Bathrooms on each floor (showers/toilets/basins) • 4 Kitchens • Income rental paid by University • Lounges • WiFi - uncapped • DSTV • Pre-paid electricity • Coin operated laundry • Approved plans to build and house 46 more students • Accreditation is for 136 which includes the second new building which needs to be built. STUDENT HOUSING BREAKDOWN: • 13 Diploma Street – 28 Students • 15 Diploma Street – 27 Students • 15 Diploma Street - New Building – 35 Students • 15 Diploma Street - New Building to be built to house 46 Students SECURITY: • 24-hour guards • CCTV cameras • Electric fenced • Linked to armed response • Panic buttons Details: • Erf no and size: 1680 (839m²) • Erf no and size: 1681 (23 201m²) • Erf no and size: 1682 (1766m²) • Rates p.m.: ± R1991.00 DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.