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ARCADIA STUDENT LODGE A



Well situated student lodge with future high-rise development opportunity. The City Council will support 7 floors and upto 200 units per hectare residential zoning rights. Currently, the lodge comprises of a building complex with 32 rooms and 22 secure parking bays. Positioned 1.4 km from the University of Pretoria and 1.6 km from the Hatfield Gautrain station. Rooms vary between single, en-suite rooms and bachelor flats and are priced accordingly. The net monthly income is about R85 000. Two Gigs free wi fi per tenant is supplied as well as daily cleaning services. Zoning is provisionally approved . Apartments are furnished with the basic furniture. OC Rental signs rental contracts and administer the lodge. Water and electricity are included in monthly rental amount.

PROPERTY CONSISTS OF THE FOLLOWING:

  • 32 Rooms
  • 22 Parkings
  • Office/Studio 
  • Entertainment Area
  • Domestic Quarter
  • R85 000 Net Monthly Income
  • STAND SIZE: ±2552m²  REF: ARCS1

 

PRICE : R11 800 000

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