Property features

R 5 780 000
13 Bedrooms
13.0 Bathrooms
1 Living Room/s
Garage for 0 car/s
Rates R8508 pm
No Pets
Security Estate

Property Details

4 self-contained apartments - offering accommodation for 24 students. Each unit is secure and self-contained especially designed for student living. The apartment block is double storey. Each apartment accommodates 6 students.

24 students can be accommodated. Each room offers: - 1 cupboard per student, 2 single beds and a desk. The bathrooms offer a shower, bath, handbasin and toilet. Fitted kitchen with cupboards and a 4- plate hob. Includes a fridge, microwave, sink and draining board. Secure access with a 24 -hour security on duty. Remote controlled gate and electric fence.

There are also 2 rooms separate (outside) from the main residence. One room is a single room, and the other room is a double room. Both have private kitchen and bathroom. These outside rooms are ideal for post-graduates wanting more privacy.
The property is zone residential 5 under the BCM zoning scheme.

There are 3 vacant stands adjacent to the accommodation for extension. The seller has the plans available. This is turnkey student accommodation with strong rental demand and room to expand.

Great for investors who want to enter the property market, either increasing the footprint of student accommodation or building extra apartments for rental purposes. This is a multi-unit set-up which diversifies risk. Great for investment who are requiring an immediate yield and development in town with a chronic shortage of student accommodation/housing.
Outside cleaning services clean twice weekly and outside security services.
For further information please contact me.

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Linda Godfrey

Sotheby's International Realty East London

0837795585

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[email protected]

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Sotheby's International Realty East London

0437260111

[email protected]

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