Student Accommodation Opportunity! Potential for 15+ Single Rooms.
Dual Mandate.
Looking for your next student accommodation project? This spacious 4-bedroom home offers extensive space under roof and the potential to convert into a student house with 15+ single rooms.
The location is a key selling point:
• Approximately 1.6km from NWU.
• Approximately 500m from Vuselela College.
• Close to the nursing school, Eduvos and Boston College.
The property currently offers:
• 4 Bedrooms, with an en-suite bathroom in the main bedroom.
• 2 Bathrooms.
• A separate study.
• 2 Large lounge areas.
• A dining room.
• A spacious kitchen with a large scullery and pantry.
• A large entertainment area with a guest toilet.
• A garden and yard.
• 2 Large single garages.
For investors, the opportunity lies in reworking the existing layout to make better use of the generous indoor space.
An estimated conversion could create 15+ single student rooms, with potential gross rental income exceeding R50,000 per month at full occupancy. These projections are subject to a detailed layout assessment, conversion costs, achievable rentals and the necessary municipal approvals. Any required student accommodation accreditation would also need to be confirmed.
If you are looking for a property with space to work with and access to several tertiary institutions, this one deserves a closer look.
Call or WhatsApp Michael Brink for more information and to arrange a private viewing!