Commercial space in Bulwer

Details

33 units in one building A fully tenanted block of 33 bachelor units approx. 20m² each with prepaid water and electricity. The building sits next to a large student accommodation complex .this building isn''t operating as student housing currently, it have tenants that are working professionals, which means steadier occupancy and a reliable rent roll.The numbersRent: R4,700 per unit, R155,100 per monthUtilities: R33,000 per month, about 80 recovered from tenantsInsurance: R1,500 per monthManagement: R3,000 per monthNet income: approx. R144,000 per month R1.73m p.a.Gross yield: approx. 17 at askingLocation highlightsClose to DavenportNear Glenwood Boys High SchoolClose to DUTNear EFT College

Location