This exceptional property is perfectly situated in Bloemfontein Central and offers strong, diversified rental income from multiple sources — making it an ideal investment opportunity.
The accommodation section of the property has been neatly renovated and currently houses 27 students, primarily from Motheo College and the Central University of Technology (CUT). The building is NSFAS-accredited and can accommodate up to 43 students in total. Each room features its own pre-paid electricity meter, ensuring easy management and cost control.
The property is zoned for business and commercial use, adding significant development potential. Notably, it already has approval for expansion up to six storeys, offering an exciting opportunity for future growth.
Additional income streams include:
A retail shop generating R4,500 per month
A mechanic’s workshop with rental potential of up to R30,000 per month
A large basement that can also be rented out for additional income
Currently, the property earns approximately R160,000 per month, with the potential to reach around R250,000 per month once fully occupied and optimized.
Conveniently located with public transport right on your doorstep, this property offers both high yield and long-term growth potential.
Contact Marietjie today to arrange a viewing and explore the full potential of this outstanding investment.