R17,000,000

PROFITABLE STUDENT ACCOMMODATION FOR SALE- BLUFF DURBAN INVESTOR’S DREAM, A ONCE IN A LIFETIME OPPOURNITY, AWAITS YOU AS IT PRESENTLY PROVIDES A STEADY INCOME STREAM AS STUDENT ACCOMMODATION IN DURBAN. AS IT IS IN DEMAND, THIS HIGH –YIELD PURPOSE BUILT 108 BED STUDENT RESIDENCE IS CURRENTLY ATTACHED TO DURBAN UNIVERSITY OF TECHNOLOGY (DUT), HOUSING STUDENTS THAT ARE ENROLLED WITH THE INSTITUTION. CONVENIENT LOCATION, SPECIALLY ORGANISED BUS TRANSPORT IS IN PLACE FOR THESE STUDENTS FROM 6.00AM TO 10.00 PM DAILY. THIS ACCOMMODATION PROVIDES ALL THE COMPULSORY AMENITIES APPROVED BY THE STUDENT HOUSING BOARD ATTACHED TO DUT. PROPERTY AND ITS FIXTURES AND FITTINGS/ LARGE APPLIANCES /MAINTENANCE TOOLS, ECT ARE INCLUDED IN THE PURCHASE PRICE. SECURITY FEATURES: HIGHLY RATED WITH 24 HOUR GUARDING AND SURVEILLANCE CAMERAS WHICH ARE MONITORED 24/7, THIS GIVING PEACE OF MIND TO PARENTS AND STUDENTS. ANOTHER GREAT SECURITY FEATURE IS THE BIOMETRIC ACCESS CONTROL /CCTV IN PLACE.CONNECTIVITY: HIGH SPEED UNCAPPED FIBRE WI – FI THROUGHOUT THE RESIDENCE.REALIABILITY: BACKUP POWER SUPPLY AND WATER TANKS IN PLACEOCCUPANCY RATE: DUE TO ITS HIGH DEMAND CONSISTENTLY STANDS AT 100%INVESTOR’S INSIGHT:DURBAN STUDENT ACCOMMODATION HAS BEEN RATED AMONGST THE HIGHEST IN THE PROVINCE AS OUR TERTIARY EDUCATION INSTITUTIONS PRODUCE TOPS RESULTS HENCE AN INFLUX OF STUDENTS FROM ALL PARTS OF THE COUNTRY REGISTER AT OUR INSTUTIONS EVERY YEAR. OTHER FACTORS INCLUDE GROWTH IN STUDENT HOUSING IS THAT INSTITUTIONS EXPAND THEIR ENROLLMENT NUMBERS EVERY YEAR, HENCE ALLOWING INVESTORS TO MAXIMISE THE NUMBER OF RELIABLE BEDS WITHIN A SINGLE BUILDING. INSTITUTIONS LEASING STRUCTURE SIMPLIFIES THIS TYPE OF INVESTMENT (IE) LEASING OF BEDS DIRECTLY FROM PROPERTY OWNERS. THIS ALLOWS INVESTORS TO BENEFIT FROM PREDICTABLE INCOME IN RELATION TO INDIVIDUAL TENANTS.OPERATIONAL COSTS:MUNICIPAL RATES AND TAXES / UTILITIES WATER AND LIGHTS / MAINTENANCE AND UPKEEP / SECURITY SERVICES AND ON-SITE STAFF / SALARIES AND WAGES / INSURANCES AND SUNDRIESKEY PROFITABLE METRICS:YIELD RETURN ON INVESTMENT OF THIS NATURE – REFLECTS THAT STUDENT HOUSING IN SOUTH AFRICA HISTORICALLY YIELDS BETWEEN 35% TO 45% DEPENDING ON LOCATION.VACANCY PERIODS: INVESTORS BE ASSURED THAT DURING STUDENT VACATIONS IN JULY / DECEMBER YOUR ACCOMMODATION CAN BE LET OUT TO BOOKINGS.COM FOR PUBLIC HOLIDAY LETTING.FINANCIALS:DIRECT & DETAILED FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW TO QUALIFIED BUYERS BY SIGNING THE NDA /CONFIDENTIALITY AGREEMENT.INVESTORS THIS IS YOUR FINAL CALL TO ACTION:DON’T MISS OUT ON THIS HIGH YIELD INVESTMENT WHICH PROVIDES YOU WITH A GUARANTEED STEADY STREAM OF INCOME EACH YEAR AND NOT TO MENTION WITH AN ESCALATION CLAUSE ON AGREEMENT.