EXCLUSIVE MANDATE
Web Ref RL438
R3,150,000
17 Rubin Crescent, Summerstrand, Port Elizabeth
Monthly Bond Repayment R33,051.56
Calculated over 20 years at 11.25% with no deposit.
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Monthly Rates
R6,099
R6,099
Student Accommodation
This prime property boasts 11 bedrooms and is currently home to 13 students, presenting a lucrative investment prospect. It is zoned for student accommodation and holds a B accreditation from NMU, ensuring its suitability for this purpose.
The property features a borehole, enhancing its operational efficiency. It comes fully furnished, with existing leases in place, and is managed by a reputable property management agency.
Generating a substantial monthly rental income of R56,985 over a 10-month lease period, this property is divided into four distinct areas: the main house with four large bedrooms, a separate three-bedroom section, and two additional two-bedroom units.
This well-established setup and steady income make it a valuable addition to any investment portfolio.
The property features a borehole, enhancing its operational efficiency. It comes fully furnished, with existing leases in place, and is managed by a reputable property management agency.
Generating a substantial monthly rental income of R56,985 over a 10-month lease period, this property is divided into four distinct areas: the main house with four large bedrooms, a separate three-bedroom section, and two additional two-bedroom units.
This well-established setup and steady income make it a valuable addition to any investment portfolio.
Features
Pets Allowed
Yes
Interior
Bedrooms
11
Bathrooms
5
Kitchen
4
Reception Rooms
4
Furnished
No
Exterior
Security
Yes
Parkings
3
Pool
No
Sizes
Land Size
950m²
