Student Accommodation Investment Opportunity – Property & Vacant Stands
4 self-contained apartments offering accommodation for 24 students. Each unit is secure and self-contained, specifically designed for student living. The apartment block is double-storey, with each apartment accommodating 6 students.
The property is being sold together with the 3 adjacent vacant stands; however, the accommodation property and vacant stands may also be purchased separately. The vacant stands can likewise be purchased individually or together with the main property, providing flexibility for investors and developers.
Each student apartment accommodates 6 students, with each room offering 1 cupboard per student, 2 single beds and a desk. The bathrooms include a shower, bath, handbasin and toilet. Each apartment has a fitted kitchen with cupboards and a 4-plate hob, as well as a fridge, microwave, sink and draining board.
Security features include secure access, 24-hour security on duty, a remote-controlled gate and electric fencing.
There are also 2 separate outside rooms located away from the main residence. One is a single room and the other is a double room. Both have their own private kitchen and bathroom and are ideal for post-graduate students seeking additional privacy.
The property is zoned Residential 5 under the BCM Zoning Scheme.
The 3 vacant stands adjacent to the accommodation provide excellent potential for future expansion. The seller has plans available, making this an attractive development opportunity. The stands may be purchased together with the accommodation or separately, depending on the purchaser's requirements.
This is a turnkey student accommodation opportunity with strong rental demand and room to expand. It is ideal for investors looking to enter the property market, increase the existing student accommodation footprint or develop additional apartments for rental purposes.
The multi-unit setup helps diversify rental income and provides an attractive investment opportunity for those seeking immediate rental yield, with further development potential in an area experiencing a chronic shortage of student accommodation.
Outside cleaning services are provided twice weekly, together with outside security services.
For further information, please contact me.