Property Details
Welcome to this prime investment opportunity. This expansive property, situated in the heart of Universitas, is ideal for student accommodation investors. With its close proximity to the University of the Free State (UFS), esteemed schools, shopping centers, and Universitas Hospital, this property guarantees convenience and strong rental potential.
This property is currently operating as a successful guesthouse with an average annual income of R426 000. However, it offers significant potential as a lucrative student accommodation, with a projected monthly income of R58 000 – R62 000.
Discover an outstanding well maintained investment opportunity with this spacious property, perfect for student housing. Currently, it features a single bedroom with an ensuite bathroom equipped with a shower. On the northern side of the property, you'll find three beautiful double/queen-sized rooms, each with its own ensuite bathroom.
The living spaces are perfect for relaxation and entertainment, with a formal lounge, a welcoming family room, a dining room, and an inviting outdoor braai area. For those working from home, there are two dedicated office spaces.
The well-appointed kitchen boasts ample built-in cupboards and a separate scullery, complemented by a convenient laundry room.
The outdoor entertainment area features a built-in braai with easy access to the living areas and kitchen.
Parking will never be an issue, thanks to the double garage, shade net parking for four cars, and a tandem carport. The property's prime location is just 1.3km from the University of the Free State (UOFS), and within walking distance to shops, schools, and a church, ensuring a high demand for student accommodation.
Don't miss out on this lucrative investment opportunity that offers the perfect blend of location, space, and profitability.