Presenting an extremely lucrative student accommodation. Privately operated, not governed by NSFAS, this property is split in two and boasts 16 Bedrooms with a total of 19 beds. With good performance on AirBnB out of the academic calendar, this property generates income year-round.
From the information provided to the mandated agent, the financial performance are as follows:
House 1:
Functional design of 6 rooms (3x single and 3x double) boasting 9 beds with an income in 2024 of R27,800/month and a projected R32,700/month in 2025.
House 2:
Built to spec with open plan design and corridor configuration. This house boast 10 single rooms generating R37,000/month in 2024 and a projected R41,000/month in 2025
TOTAL Rental:
2024 - R63,800/month
Rental increase plan:
2025 -
R73,700/month
Running costs in 2024 not exceeding R16,874/month
The property is sold fully furnished with existing leases for 2025 to transfer to the new owner upon registration.
Low Maintanence face brick exterior, tiled throughout. Ample parking available, electric fence and built-in braai.
Special Consent received.
Disclaimer: Whilst every endeavour has been made to ensure the accuracy herein, no liability will be accepted for any errors or omissions.
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