The property on offer is situated in Mariannhill Park, Durban - South, Kwa-Zulu Natal.
This property is for the serious long term investors. Student accommodation is one of the more lucrative investment prospects with a steady growth potential. The monthly income in 2014 was around R200 000.00 which is no small matter.
* Net income per annum will be around R2 000 000 In the suburb the property is generally known as “The Castle” for its unique Georgian architecture. The grounds are also something students will enjoy with large well-established gardens out of the magazines of old world Oxford.
There are a number of extras being sold along with the property which are;
• 100 single base/mattress sets
• Desks • Chairs • Stoves • Fridges • Deepfreezes
There is ample secure parking for residents which is always a concern amongst students.
A waiting list of students means a revolving income.
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