An already developed property, close to Rhodes University with an additional piece of land available for further development. The existing development consists of 57 units (a combination of bachelor, 1, 2 and 3 bedrooms). The complex is securely fenced, offers off street parking to all the tenants, a communal swimming pool and dedicated wifi provided through a service provider.
The units are currently all owned within a company, offering a buyer the opportunity to either sell off the units individually (as they have already been sectionalized) or they can keep all the units and continue with the rental book as is. All units have been let for this year. Financials available on request.
The adjoining piece of land - measuring 27,908 ha is available for additional development and is included in the purchase price of this property.
Please contact me for further information.