R 38 000 000 | block of flats property for sale in ormonde view

Description: This well-maintained student accommodation is situated 5km from UJ University and is accredited by the University and is sold as a going concern with a well-managed team running the residence, bus for student transport, and is 100% occupied. The residence is close to South Gate Mall so is very convenient for students shopping, food, and whatever they desire. • UJ Accreditation • WIFI • Bus to transport students to the University • DSTV • Accommodates 148 students (100% occupied) • Income R7 104 000 p/a • Income paid by University - not students • 40 Bathrooms • 80 single Bedrooms • 68 Sharing Bedrooms • 34 Kitchens • Laundry room • Great security • Security room • Electric fencing • CCTV • VAT transaction Details: • Erf no: 357 • Erf size: 4105m² • Rates p.m.: ± R5858.00