R 7 500 000 | 8 bed property for sale in maitland

Meggar Property Brokers are pleased to present this great investment opportunity to Investors. Property is leased mainly to corporate companies, Students with short-term leases. 2 Story block, Semi furnished. ( i.e Beds, desks etc...) four x 3 bed apartments - 6 sleeper Two x 2 bed apartments - 5 sleeper Two x studio apartments - 2 sleeper Wendy house - 3 bedroom Entertainment area *Pre-paid Electricity and water meters in apartments 1-6 hot water supply via general geyser *Studio apartment unit 7 -8 billed per usage - hot water supply via gas geyser. * Fingerprint reader with turnstile * Electric Fencing * /- 4 parking bays * Potential rental per bed is R 2200 pm x 38 beds estimate monthly income = R 83 600 Situated close to public transport and all major freeways. ( M5, N1 and N2.) Zoning: Residential Ownership Type: Freehold Mandate Type: Sole