Exceptional Investment Opportunity: Fully Booked Student Accommodation
Discover a lucrative investment with this exceptional student accommodation property, strategically designed and fully equipped to meet the demands of modern student living. This impressive establishment boasts 29 spacious rooms, ensuring ample space for a thriving student community. The property is situated on two erfs (24/26) and features a combined stand size of 1,941m2, offering generous space for both current and future developments.
The accommodation is thoughtfully laid out with 9 bathrooms and 7 toilets, ensuring convenience and comfort for all residents. Two fully-equipped kitchens provide the facilities necessary for communal living and meal preparation. Additionally, the property is serviced by a reliable borehole water system, guaranteeing a continuous water supply, and it includes two gas geysers to efficiently meet the hot water needs of the occupants.
Connectivity is a priority, with high-speed WiFi available throughout the property, making it an ideal choice for students who require constant internet access for their studies and leisure. The inclusion of a solar system underscores a commitment to sustainability and reduces energy costs, enhancing the property's appeal to eco-conscious tenants.
Zoned specifically for student accommodation, this property is not only well-suited but also legally aligned with its current use. Furthermore, it is fully booked with tenants, ensuring immediate and stable rental income. Impressively, the property generates an income of over +/- R100,000.00 per month, making it a highly attractive prospect for investors seeking a steady return.
This opportunity presents a seamless blend of location, functionality, and financial promise. Don't miss your chance to invest in this fully operational and profitable student accommodation property. Property is situated just a short walk away from the Vaal University of Technology (VUT) and very close to the North-West University (NWU Vaal). Contact us today to schedule a viewing or to request further information.
