STUDENT ACCOMMODATION - 406 STUDENTS - MONTCLAIR
Ridgemont residence is a combination of a fully renovated existing building and a newly built block of apartments. Each of the large and spacious units have been designed as per the regulations and requirements for student accommodation. All products used in creating this unique establishment is of high quality to ensure that the students are comfortable at all times. Biometrix access, electric fence, 24 security guards and 82 channel continuous CCTV monitoring. Each student within a room has a comfortable bed, lock up wardrobe, study desk with chair and a bookshelf. Each Bedroom is also fitted with a fridge/freezer. Each kitchen has a 4 plate hob, microwave, double-bowl sink and a lock up cupboard. Specifically designated study room, designated TV/Common room with a large flat-screen TV loaded with favorite DSTV channels. Designated washing area with 6 washing machines, 6 tumble dryers, 6 wash troughs and ample washing lines. 30 x 1 sleeper rooms, 176 and 2 sleeper rooms 8 x 3 sleeper rooms - Total 406 students. A new 2 year lease is on the verge of being issued 2025 till end of 2026. The residence has been issued with an "A" grade status. Great Monthly income potential. Financials and all relevant statements available to a serious buyers.
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Listing Info
Montclair, Durban
Queensburgh has grown in popularity mainly because of its great location, it includes as many as ten suburbs. Situated south west of the City of Durban it is centrally located to the southern industrial suburbs and Pinetown’s industrial areas and just a short drive from the Pavilion shopping centre, Pinetown, Chatsworth, central Durban. Accessibility to the main highways is good with the M7/ N2 /N3 highways all being within easy reach. The Queensburgh area developed when early settlers wanted to escape from the humidity of the coast and so they headed to the inland hills. In 1924 four residential suburbs in the area being Malvern, Escombe, Northdene and Moseley combined to form the town of Malvern. In 1952 to celebrate the...
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Finance
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While every effort will be made to ensure that the information contained within the Tyson Properties website is accurate and up to date, Tyson Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
