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Description

*Investment Opportunity: 8 Bedroom Student Accommodation in Potchefstroom Central*
This exceptional property offers a prime investment opportunity with a strong rental income of R26,000 per month, perfectly suited for student accommodation. Located in the heart of Potchefstroom, this residence boasts a strategic position near Vuselela College, Spar, and Ukwazi Nursing School, making it highly appealing to students.
*Property Features:*
– *1 x 4 Bedroom Apartment:*
– Includes 1 communal full bathroom
– Open plan kitchen and lounge area, fostering a communal living environment

– *1 x 3 Bedroom Apartment:*
– Features 1 full bathroom
– Open plan kitchen and lounge for a cozy living experience
– *1 x Bachelor Bedroom:*
– Equipped with 1 bathroom
– Open plan kitchen for convenience
– *Parking:*
– 8 Shadenet parking spaces available for residents

– *Security:*
– Alarm system installed for enhanced safety
– *NSFAS Status:*
– Currently holds Silver NSFAS status, attracting a steady flow of tenants
– *Potential for Expansion:*
– Ample opportunity to build additional rooms to increase rental income
– *Zoning:*
– Zoned as Residential 3, compliant with local regulations
– *Utilities:*
– Two prepaid meters installed for efficient utility management
This property not only provides a solid income stream but also offers significant potential for growth and expansion in a thriving student market. Don't miss out on this outstanding investment opportunity!

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Details

Updated on January 31, 2025 at 7:21 pm

  • Reference #: 1370868
  • Price: R2,250,000
  • Suburb / Town: Potchefstroom
  • Property Type: House
  • Bedrooms: 8
  • Bathrooms: 3
  • Living Areas: 3
  • Building Size: 238.0 ㎡
  • Stand Size: 1339.0 ㎡
  • Rates & Taxes: R 1231

Key Property Features

  • Fibre Internet

Additional Features

  • Carports:8
  • Garden:1

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