PRIME PROPERTY/ STUDENT ACCOMMADATION FOR SALE MUSGRAVE DURBAN

Attention all investors and current student accommodation owners.

This opportunity comes around once in a lifetime. Set in the bustling part of Musgrave Durban, this gold mine is an opportunity not to be missed. Sold fully furnished. Also offering a rent to buy option on this magnificent investment.

Former student accommodation with a capacity of housing 95 to 100 students. This property consists of 8 individual units of which 7 units are for sale. All units are 143sqm in size. A total of 30 rooms. 9 fully fitted kitchens, 7 kitchenettes, 25 bathroom and toilets, 1 x security bathroom attached outside the building and laundry. Excellent returns. Transport provided by the university for the students.

A walking distance to DUT, under one kilometres to UKZN, extra yard space to construct another building that could house +-70 more students.

Please note the new owner would have to apply for permission from the municipality to construct the third building, close to all amenities, beaches, hospitals on the bus and taxi route, close to all major entry and exists, (N3), (M13), (N2), 24hour man security, access control, WIFI, recreational room, lounge / study.

A walking distance to three major shopping malls and parking for +-10 vehicles.