Exceptional Investment Opportunity: Fully Accredited Grade B Student Accommodation
This Grade B student accommodation, fully accredited and ideally located within walking distance of Nelson Mandela University, offers an outstanding investment with immediate income potential. Designed for low maintenance and durability, the property is divided into three separate, fully furnished sections.
Property Features:
Three Distinct Sections:
Section One: Dedicated manager or family unit, featuring a spacious open-plan lounge and dining area, open kitchen, one bedroom, a bathroom, and a large undercover patio with a built-in braai. (Furniture not included)
Section Two: Contains five bedrooms, three bathrooms, a living room, and individual self-catering setups with kitchenettes. (Furniture included)
Section Three: Includes six bedrooms, three bathrooms, a shared lounge, and a kitchen.
Low Maintenance & High Durability:
Durable face brick exterior with aluminum windows Separate laundry facility Pre-paid electricity meter Cost-effective borehole water supply Fully Furnished (excluding Section One): Sale includes all furniture and appliances in Sections Two and Three.
Student Tenant Overview:
Accommodates 8 NSFAS-supported students and 3 cash-paying students. Financials: Proven income statements from current tenants available upon request. Additional Features:
Prime location, minutes from NMU Expansive communal garden area Ideal setup for consistent student demand Investment Potential: This property is a profitable opportunity for investors seeking reliable rental income. With its established tenant mix and prime proximity to NMU, it ensures a stable, ongoing revenue stream.
Features
12
7
Pets Allowed
Yes
Interior
Bedrooms
12
Bathrooms
7
Kitchens
4
Reception Rooms
6
Furnished
Exterior
Carports / Parkings
6
Sizes
Floor Size
360m²
Land Size
835m²
Extras
Accommodation • Alarm System • Bath, Toilet and Basin • Built In Braai • Built in Wardrobes • Covered Patio • Dishwasher Connection • Dual Living • Freestanding • Student Accommodation • Fibre
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
