Income generating Student Residence Accommodation in Gauteng

Guaranteed income! Student residence in south africa. Exciting investment opportunity great cash flow, and secure income! Annual turnover: rands 5.2 million capacity: 119 student beds location: vanderbijlpark, gauteng. Two feeder universities: vaal university of technology and north west university walking distance of 500 meters from vaal university of technology. Consistent 100% occupancy. This incredible property offers a rare and exciting opportunity for investors seeking secure and high cashflow investment assets. With 119 student beds in a clean, safe, and secure architect-designed stunning residence, this an opportunity not to be missed. Located just 60km outside johannesburg, within walking distance of two major universities with a combined 50 000 student population, the residence has enjoyed consistent 100% occupancy rates for the past 5 years. This highly popular residence enjoys long waiting lists amongst students seeking high-quality accommodation with high-speed wifi, 24-hour security and cctv, dstv, solar backup and gas cooking facilities, and a borehole water supply. Healthy student-led social activities with netball club, boot camps, chess, football club, running club, and faith support group, the residence is incredibly vibrant and very popular. The residence is deliberately designed into 20 apartments accommodating a maximum of 6 students each in single and double sharing bedrooms, thus providing great commune living environments as opposed to hostel living, a concept that proved most popular. Each apartment has 4 bedrooms 2 single of 9 sqm size and 2 double sharing 15 sqm each, 2 bathrooms with showers only, and kitchen dining area most popular for bonding and board games. Fully accredited by both universities, the residence benefits from direct payments from the universities and other private bursaries. Located in gauteng, south africa, a country boasting robust banking and investment frameworks, this represents a vehicle with good capital growth and great year-to-year cash flow yields. It is ideal for discerning investors seeking to have a consolidated high-performance portfolio in south africa as an alternative to numerous individual residential property investments thus streamlining operational costs and efficiencies. Property management contract options are available for full peace of mind investment. This is a rare opportunity not to be missed! Please call to arrange for viewing

Property Reference #: RL884

Agent Details:
Mary Mwashita
Plush Real Estate Pty Ltd TA Plush Properties
Waterfall Office ParkBlock B Elevation Gardens114 Augrabies RoadWaterfall