Calling all student accommodation investors to plug and play this into their portfolio
This NASFAS accommodation which is a street away from the University of Johannesburg is looking for a new owner
The property has 3 dwellings on the property with a total of 10 furnished bedrooms and 11 bathrooms excluding the caretaker's room
9 out of 10 rooms have ensuite bathrooms with 2 of the bedrooms able to house 2 students.
Therefore, you can house a total of 12 students on the property
Potential income is R45 000 p/m making a total of R450 000 per annum (10 Months) [2024 Numbers with 10 students]
Each bedroom has a bed, table chair & wardrobe
There is a kitchen with a gas stove (COC available), communal washing machine and an alarm system
The property is a 5 minute walk to the University of Johanneburg Kingsway Campus & Campus Square
NO LOADSHEDDING as the property is solar powered so students can study through the loadshedding hours
Extras include: Camera's, Gyser Boiler, Caretaker Accommodation, Gas Stove (COC Available), Jojo Tank, Solar Powered Gyser, Solar System, Parking for 2 cars.
Call Ben today before it's gone