Stunning Student Complex Block on NWU Doorstep
Welcome to this rare investment opportunity in Potchefstroom. This apartment block is located on the Bult in a prime location on the doorstep of the Main Gate of the NWU Potchefstroom Campus.
The apartment block has a very high demand and is one of the most popular accommodation apartments on the Bult.
This apartment block consists of 81 units that can accommodate 87 tenants in total.
With a 100% occupation rate as well as a waiting list, this is a strong investment opportunity.
To summarize The Hoffman:
-75 x single units with a rental income of R5900 p.m. (31square meters per unit)
-3x 2-bedroom, 2 bathroom units with a rental income of R8950 p.m. (62 square meters per unit)
-3x 2-bedroom 1 bathroom units with a rental income of R8600 p.m. (52 square meters per unit)
TOTAL GROSS INCOME OF +/- R495 150 p.m.
(All the units are equipped with a washing machine, fridge, microwave, bed, desk and study chair.)
Additionally, the apartment block also has:
-A Full time supervisor making sure everything is run and done in excellence.
-57 Ground floor parking bays.
-48 Basement parking bays.
-Back up electricity supply with inverters.
-Bicycle shed
-Heat Pumps
-High level security with CCTV cameras, monitoring and biometrics.
-Back-up water supply.
This opportunity is not to be missed. Contact Michael today for more information.
