13 Self-Contained Units | 11 Currently Occupied | Excellent Student Location
An excellent investment opportunity in Mankweng, offering 13 rental units, each equipped with its own private shower and toilet.
The property is ideally positioned within walking distance of the University of Limpopo and Mankweng Hospital, making it particularly attractive to students, university staff, hospital employees and other professionals seeking convenient accommodation close to key amenities.
PROPERTY HIGHLIGHTS
13 rental units
11 of 13 units currently occupied
Each unit has a private shower and toilet
Current rental: R1,900 per unit per month
Current occupancy: approximately 85%
Walking distance to University of Limpopo
Walking distance to Mankweng Hospital
Approximately 5 km from Paledi Mall
Approximately 5 km from the R71 route
Excellent access to surrounding residential, educational, medical and commercial areas
INCOME POTENTIAL
At the current rental of R1,900 per unit, the property has a maximum gross rental potential of R24,700 per month when all 13 units are occupied.
With 11 units currently occupied, the property is generating approximately R20,900 per month, translating to approximately R250,800 per annum at the current occupancy level.
Importantly, two units remain available, providing an immediate opportunity for a new owner to increase the property’s rental income through improved occupancy.
STRONG LOCATION & INFRASTRUCTURE UPSIDE
The property benefits from its proximity to major demand drivers, particularly the University of Limpopo and Mankweng Hospital.
An additional positive for the area is the ongoing road infrastructure improvement. The road providing access to the property is currently being upgraded from a single-lane two-way road to a double-lane two-way road. This improvement is expected to enhance accessibility and connectivity to the surrounding area.
INVESTMENT OPPORTUNITY
This property offers an attractive combination of existing rental income, high occupancy and a strategic location near a major university and hospital.
With 11 of the 13 units already occupied, a purchaser can acquire an income-producing property with an established rental base while retaining further upside through filling the remaining vacancies and potentially reviewing rental rates over time.
Ideal for investors seeking affordable, income-generating accommodation in a high-demand student and healthcare precinct.