Commercial space in Bulwer

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NSFAS-Approved Student Accommodation Investment - Bulwer Excellent income-generating student accommodation property in Bulwer, Durban, comprising 16 self-contained units on a 655 sqm erf, with 10 parking spaces.The property has an NSFAS contract in place and is currently approved for 32 students, with potential to add a further 4 students next year.Current Financials:32 students R4,500 R144,000 monthly incomeMonthly expenses: R63,700Net profit: R80,300 per monthNet profit: R963,600 per annumExpenses include rates, water, electricity, transport, staff, cleaning, security, insurance and Wi-Fi.A strong student accommodation investment with an established NSFAS income stream and further growth potential.Contact us to arrange a viewing or for further investment information.CHRIS AND LISA PEARSON PROPERTIES PTY LTD trading as REMAX Address Berea operates in terms of a franchise agreement with REMAX of Southern Africa.

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