R 78 000 000 | business property for sale in johannesburg cbd

Property Description

This well mantained student accomodation is up for sale close to University and colleges. The property with retail shops on the ground floor has a potential Gross annual income of R14m with an estimated annual expense of R5m. Currently has 351 beds for rent. With a net annual income of R9m this fantastic investment has a yield of over 12% Seller is looking for serious purchasers to share extra information with as and when required well mantained student accomodation close to University and colleges retail shops on the ground floor potential Gross annual income of R14m Currently has 351 beds for rent net annual income of R9m


Property Details

Purchase Price R 78 000 000

Building Size3500 m2

Price Per SQMR 22285 m2

Type of PropertyBusiness

Land Size750 m2

Last Updated30 Oct 2024

Property Location

Similar Property in nearby suburbs

Agent

Leo Mlambo

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