R 39 000 000
| Commercial Property for Sale in Windermere
The ultimate turn-key student accommodation investment opportunity!
Turnkey Student Accommodation Investment Opportunity
We present a unique investment opportunity in a high-demand student accommodation property with a commercial component. This turnkey investment offers a stable income stream and attractive returns.
Key Features:
- Student Accommodation: 253 beds with a monthly rental income of R3,937 per student
- Commercial Component: Additional R50,000 per month from commercial tenants
- Contract Details: 3-year contract (2025-2027) with reputable students and commercial tenants
- Expenses: Approximately R200,000 per month
Loan Repayment Calculation:
- Loan Amount: R39,000,000
- Interest Rate: 10.75%
- Term: Assuming a 10-20 year term is common for commercial property loans. Let's assume a 15-year term for calculation purposes.
Using a loan repayment calculator or formula, the annual loan repayment would be approximately:
R4,557,311 (based on a 15-year term and 10.75% interest rate)
Adjusted Net Operating Income:
- Net Operating Income (NOI): R10,116,732
- Annual Loan Repayment: R4,557,311
- Adjusted NOI: R5,559,421 (R10,116,732 - R4,557,311)
ROI = (Adjusted NOI / Purchase Price) x 100
= (R5,559,421 / R39,000,000) x 100
= 14.25%
So, the Return on Investment (ROI) for this property, considering the loan repayment, would be approximately 14.25%..
Benefits:
- Stable Income Stream: Long-term contracts with reputable tenants
- Diversified Income: Student rental and commercial income streams
- Turnkey Operation: Fully managed property with minimal investor involvement
- Attractive ROI: 14.25% return on investment
Opportunity:
Don't miss this exceptional investment opportunity. Contact us today to learn more about this turnkey student accommodation property with a commercial component.
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Contact AgentWeb Ref 116210731
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