R 95 000 000 | building property for sale in montclair

Ridgemont residence is a combination of a fully renovated existing building and a newly built block of apartments. Each of the large and spacious units have been designed as per the regulations and requirements for student accommodation. All products used in creating this unique establishment is of high quality to ensure that the students are comfortable at all times. Biometrix access, electric fence, 24 security guards and 82 channel continuous CCTV monitoring. Each student within a room has a comfortable bed, lock up wardrobe, study desk with chair and a bookshelf. Each Bedroom is also fitted with a fridge/freezer. Each kitchen has a 4 plate hob, microwave, double-bowl sink and a lock up cupboard. Specifically designated study room, designated TV/Common room with a large flat-screen TV loaded with favorite DSTV channels. Designated washing area with 6 washing machines, 6 tumble dryers, 6 wash troughs and ample washing lines. 30 x 1 sleeper rooms, 176 and 2 sleeper rooms 8 x 3 sleeper rooms - Total 406 students. A new 2 year lease is on the verge of being issued 2025 till end of 2026. The residence has been issued with an "A" grade status. Great Monthly income potential. Financials and all relevant statements available to a serious buyers.