11 Bedroom House for Sale

Here's a rephrased version:

An incredible opportunity awaits for student accommodation investors to seamlessly integrate this property into their portfolio, generating a monthly income of R35,500 with consent use from COJ (Commune License).

Located just a street away from the University of Johannesburg, this student accommodation is seeking a new owner. The property comprises three dwellings, totaling nine furnished bedrooms and seven bathrooms, excluding the caretaker's quarters.

Out of the ten rooms, five feature ensuite bathrooms, with two bedrooms capable of accommodating two students each, allowing for a total of eleven students on the property.

The potential monthly income stands at R35,500, totaling R355,000 per annum over ten months. Each bedroom comes equipped with essential furnishings such as a bed, table, chair, and wardrobe.

Situated a mere five-minute walk from the University of Johannesburg Kingsway Campus Gate 6, the property boasts COJ consent use, facilitating the application for NASFAS accreditation, with the necessary groundwork already completed.

Additional features include a double garage, furniture, and caretaker accommodation, enhancing the appeal of this lucrative investment opportunity.

Contact our agent for viewing

# Parking: 1
Property Reference #: 2237859

Agent Details:
4. Ngoni Bepe
KellyHills International Properties
Unit 1 Pendoring Office Park, 299 Pendoring Rd, Blackheath, Randburg, 2195