- 84
- 18
- 2 017.0 m2
Monthly Costs
Monthly Bond Repayment ZAR .
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Mun. Rates & Taxes: ZAR 35000.00
Property description
An outstanding income-generating property opportunity awaits in one of the area's most desirable locations. Currently producing an estimated monthly rental turnover of approximately R245,000, with a projected net income of around R160,000, this versatile property also offers excellent scope for increased returns through student accommodation conversion.
The development is made up of two separate buildings offering a combination of single and shared accommodation options, together with 5 self-contained bachelor-style units. The layout has been designed to comfortably accommodate a large tenant base, supported by multiple communal bathroom facilities including 18 showers and 17 toilets.
A live-in caretaker occupies a dedicated apartment on the premises, providing ongoing oversight and contributing to the excellent condition and smooth operation of the property. The caretaker's unit includes 2 bedrooms, a lounge, kitchen, and bathroom.
Further features include secure on-site parking for 10 vehicles as well as an in-house spa facility, creating added convenience and appeal for occupants.
Well positioned within close proximity to key amenities and ideally suited to the student rental market, the property enjoys strong occupancy levels and dependable rental demand. Its neat presentation and established management structure make this an attractive, ready-to-run investment.
Properties offering this level of scale, income performance, and future growth potential seldom become available, making this an exceptional addition to any investment portfolio.
Property Details
- 84 Bedrooms
- 18 Bathrooms
Property Features
- 2 Buildings featuring 80 double and single bedroom mixed & x5 2 bedroom Bachelor flats
- Bathrooms: 18 showers, 17 toilets
- In-house spa
- x1 2 bedroom Caretakers room with open plan lounge/kitchen, bathroom
- 1 Spaza shop - prepaid electricity
| Bedrooms | 84 |
| Bathrooms | 18 |
| Erf Size | 2 017.0 m2 |
