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Student Accommodation Investment Opportunity near University
This exceptional student accommodation property, situated close to the university, comprises two fully tenanted houses on a single erf, offering a combined rental income of R65,000 per month.
Minami House
10 individual rooms, each rented at R3,700
Monthly Rental Income: R37,000
Kita House
Room 1: R3,700
Room 2 (shared): 2 rooms at R2,700 each
Room 3: R3,700
Room 4: R3,600
Room 5 (shared): 2 rooms at R3,100 each
Room 6 (shared): 2 rooms at R3,100 each
Monthly Rental Income: R28,000
Combined Monthly Income for Both Houses: R65,000. 2025 scheduled to increase. The property was also utilized for holiday accommodation over December/January, ensuring income over 12 months.
This property presents a robust investment opportunity with consistent rental income.
Contact Hagen today for further details or to arrange a viewing.
Bedrooms:
16
Bathrooms:
5
Parking:
2
No Pets Allowed
Garden
Water Tank
Property Overview
Listing Number
115147764
Type of Property
House
Description
Freestanding
Listing Date
30 October 2024
Erf Size
858 m²
Floor Size
393 m²
Rates and Taxes
R 3 874
Pets Allowed
No
Rooms
Bedrooms
16
Bedroom 1
Bedroom 2
Bedroom 3
Bedroom 4
Bedroom 5
Bedroom 6
Bedroom 7
Bedroom 8
Bedroom 9
Bedroom 10
Bedroom 11
Bedroom 12
Bedroom 13
Bedroom 14
Bedroom 15
Bedroom 16
Bathrooms
5
Kitchens
2
Kitchen 1
Kitchen 2
Office/study
Lounges
2
Lounge 1
Lounge 2
Dining Room
Braai Room
Entrance Hall
External Features
Parking
2
Garden
Yes
Building
Backup Water
Water Tank
Other Features
Pool
Fenced
Security
Security Gate, Alarm System, Burglar Bars, Electric fencing
Special Feature
Built in Braai
Backup Water
Yes
Points of Interest
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