Income Generating Student Accommodation 5 min walk to UJ

  • R1,795,000
Westdene, Johannesburg, Gauteng
For Sale
Income Generating Student Accommodation 5 min walk to UJ
Westdene, Johannesburg, Gauteng
  • R1,795,000

Overview

Property ID: HZRL19065
  • House
  • Property Type
  • 9.0
  • Bedrooms
  • 7.0
  • Bathrooms

Description

Generating R35 500 per month!!! With consent use from COJ (Commune License)

Calling all student accommodation investors to plug and play this into their portfolio

This student accommodation which is a street away from the University of Johannesburg is looking for a new owner

The property has 3 dwellings on the property with a total of 9 furnished bedrooms and 7 bathrooms excluding the caretaker’s room

5 out of 10 rooms have ensuite bathrooms with 2 of the bedrooms able to house 2 students each.

Therefore, you can house a total of 11 students on the property

Potential income is R35 500 p/m making a total of R355 000 per annum (10 Months)

Each bedroom has a bed, table chair & wardrobe

The property is a 5 minute walk to the University of Johanneburg Kingsway Campus Gate 6

With consent use from COJ, you can apply for NASFAS accreditation as the heavy lifting as been concluded

Extras include: Double Garage, Furniture, Caretaker Accommodation

Call Ben today before it’s gone

  • Address 25 Aberdeen Street
  • City Johannesburg
  • State/county Gauteng
  • Area Westdene

Details

Updated on December 20, 2024 at 5:10 pm
  • Property ID: HZRL19065
  • Price: R1,795,000
  • Land Area: 495.00
  • Bedrooms: 9.0
  • Bathrooms: 7.0
  • Garage: 1.0
  • Property Type: House
  • Property Status: For Sale

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Contact Information

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Ben Malapile

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