29 Unit Apartmnet Block For Sale Investment opportunity

R 27,000,000

Can I afford this?
7 months ago164 views
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General Details
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):6+
Bathrooms (#):4+
Parking:None
Description
Contract in place with University.

Student accommodation, 29 unit apartment block that can house 145 students, situated in West Acres. Situated close to Ilanga Mall and major routes. Every unit consists of 2 spacious bedrooms, bathroom, study corner and kitchen with fridge and microwave.

Offering Excellent security and control access.
Offices at the entrance. Study lounge for students, dining room and TV room.
Laundry and kitchen facilities.

Include are all the furniture, 2 x Busses and a 1 Toyota HILUX.

SALES PRICE EXCLUDES VAT

All offers are welcome

Agents are registered with the PPRA.

Property Reference #: RL2003

Agent Details:
Bernardine Kotze
Fourz Lowveld Properties (Pty) Ltd
Office 203
29@ Marloth
29 Marloth Street
Nelspruit
1200

Id Subtitle 1241077332
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Purchase price
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No. of years
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Estimated monthly repaymentR 292,601
Total property loan amountR 27,000,000
Total interestR 43,224,218
Total repaymentR 70,224,218
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Fourz Lowveld Properties (Pty) Ltd
Selling for 3+ years
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