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This property offers an exceptional investment opportunity, this fully accredited student accommodation is strategically located within walking distance of Nelson Mandela University. With a solid income stream, low-maintenance design, and ready-to-rent facilities, this property is a prime choice for investors seeking high-yield returns. Divided into three distinct sections, it provides a versatile layout to maximize rental income potential.
With the potential to continue or expand its use as student housing, this property is a solid investment with a track record of consistent returns.
The Property Features:
1. Main Family House:
o Spacious Open-Plan Layout: Includes a generous lounge and dining area, creating a welcoming space for social gatherings.
o Kitchen: Equipped with built-in cupboards, an under-counter oven, hob, and extractor fan for modern convenience.
o Bedroom & Bathroom: One well-appointed bedroom with tiled flooring and a full bathroom featuring a basin, bath, shower, and toilet.
o Outdoor Area: Enjoy a large undercover patio complete with a built-in braai, ideal for entertaining.
2. Second Section: Self-Catering Student Area:
o Accommodation: Five comfortable bedrooms with self-catering kitchenettes, catering to independent living.
o Bathrooms: Three bathrooms, allowing for shared use among students.
o Common Areas: A shared living room.
3. Third Section: Shared Student Living:
o Accommodation: Six well-designed bedrooms.
o Bathrooms: Three shared bathrooms.
o Common Areas: Includes a spacious lounge and a shared kitchen, promoting a community environment.
Additional Amenities:
• Durable Exterior: Low-maintenance face brick with aluminum windows.
• Laundry Facilities: A separate laundry facility for added convenience.
• Utilities: Pre-paid electricity meter and cost-effective borehole water supply.
• NSFAS Accreditation: Accommodates 8 NSFAS-supported students and 3 cash-paying students.
• Financial Records: Proven income statements from current tenants available upon request.
For more information or to schedule a viewing, contact us today!