R999 000 | 5 Bedroom House For Sale in Umlazi, Umlazi

Property with plan for 10 Flats of 42m2 with potential for Sectional Title
Property suitable for Mangosuthu Student accommodation. 3.5km from Mangosuthu.
Could accommodate up to 59 Students in all.

Calculated development cost R6 038 865 including cost of property acquisition.
Potential earning annually: (10 months academic year) R1 783 000 net before Tax.
Purchase includes all research material such as:

• Business plan
• Nsfas installation conditions as per local Nsfas inspector
• Existing building with 5 ensuite apartments that could accommodate 9 students plus extra facilities such as TV room, Lounge, Laundry and Office / Manager’s apartment.

• • Business plan
• • Nsfas installation conditions as per local Nsfas inspector
• • Existing building with 5 ensuite apartments that could accommodate 9 students plus extra facilities such as TV room, Lounge, Laundry and Office / Manager’s apartment