EXCLUSIVE MANDATE
Web Ref RL447
R3,850,000
16 Rubin Cresent, Summerstrand, Port Elizabeth
Monthly Bond Repayment R41,722.72
Calculated over 20 years at 11.75% with no deposit.
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Monthly Rates
R6,099
R6,099
Prime Student Accommodation Investment in Summerstrand
Unlock a lucrative opportunity with this premium student accommodation property, ideally located just a short stroll from Nelson Mandela University (NMU) in vibrant Summerstrand. This well-maintained property features thirteen fully-furnished bedrooms across four distinct units, catering perfectly to student needs and preferences. The first unit boasts four bedrooms, the second offers five, the third includes three, and the fourth is a separate one-bedroom flat.
Currently generating an impressive R58,580 per month with ten-month leases in place, ensuring a steady and reliable cash flow.
The property holds a B accreditation from NMU and NSFAS, reflecting its high standard and appeal to students.
Comprehensive security features including cameras and an alarm system. The property also benefits from an independent borehole water supply, ensuring reliability and cost savings.
Benefit from the expertise of a trusted managing agent, ensuring smooth operations and optimal maintenance.
Currently generating an impressive R58,580 per month with ten-month leases in place, ensuring a steady and reliable cash flow.
The property holds a B accreditation from NMU and NSFAS, reflecting its high standard and appeal to students.
Comprehensive security features including cameras and an alarm system. The property also benefits from an independent borehole water supply, ensuring reliability and cost savings.
Benefit from the expertise of a trusted managing agent, ensuring smooth operations and optimal maintenance.
Features
Pets Allowed
No
Interior
Bedrooms
13
Bathrooms
5
Kitchen
4
Reception Rooms
5
Study
1
Furnished
Yes
Exterior
Security
Yes
Parkings
6
Pool
No
Sizes
Land Size
950m²
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