Fully Occupied Student Accommodation – Investment Opportunity Just 800m from University
Grow your property portfolio with this NSFAS-accredited student accommodation, offering an established rental income and municipal special consent for student accommodation use.
Situated approximately 800 metres from the university, the property allows students to walk to campus conveniently, saving on shuttle and transport costs.
Currently fully occupied, the property generates R58,800 per month from 12 students paying R4,900 each.
Additional reception rooms offer potential for conversion, increasing capacity to up to 16 rooms accommodating 20 students, subject to the necessary approvals. The spacious grounds also provide room for possible further development.
A clean swimming pool offers a welcoming recreational space for students, while the property is well maintained and presents in excellent condition.
With an established income, a convenient location and potential for expansion, this property is an attractive opportunity for investors.
Contact us today to arrange a viewing and explore its potential.