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Apartment Block For Sale in Brixton, Johannesburg

R 6,499,000

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Student Accommodation Investment (High Street, Brixton) Owner Asking: R 8 499 000.00 Offers Above : R 6 499 000.00 - Let`s Negotiate This property presents a strong, fully operational student accommodation investment opportunity situated on High Street, Brixton, in a well-connected and high-demand urban node. The location offers excellent accessibility and convenience, being close to major transport routes, places of worship, walking distance to Netcare Hospital, and the University of Johannesburg (UJ), making it highly attractive for student living. The property comprises 17 single units and 4 double rooms, efficiently designed to maximise occupancy and rental income. It accommodates a mixed tenant profile, with the majority of students funded through NSFAS, while the remaining tenants are cash-paying students, providing a stable and diversified income base. There are 7 shared bathrooms, supporting communal living arrangements, along with an outside shared laundry facility for tenant convenience. A designated shared braai and communal area enhances the social and lifestyle offering for residents. The property is fully occupied, reflecting strong and consistent demand for student accommodation in the area. It is professionally managed by a reputable management company, ensuring effective administration, rent collection, and operational oversight. Additionally, a dedicated caretaker resides on-site, providing continuous supervision, maintenance support, and ensuring the property remains well maintained and secure at all times. From an operational cost perspective, the property benefits from prepaid electricity systems, with tenants contributing towards shared service charges. Importantly, rates and levies are covered by the business, ensuring predictable and structured expense management. While the property does not offer dedicated parking for students, this aligns with typical student accommodation models in inner-city environments such as Brixton, where residents rely heavily on walking and public transport due to proximity to key destinations. Overall, this is a high-performing, fully occupied student accommodation investment property, strategically located near UJ, Netcare Hospital, places of worship, and key urban amenities, making it well-positioned for sustained demand and long-term rental stability. Property Compliance & Operational Requirements • Properly zoned for residential use allowing student accommodation • Compliant with municipal by-laws for student housing and communal living • Adheres to approved occupancy levels per room/unit (no overcrowding) • Full compliance with fire safety regulations (fire extinguishers, emergency exits, • signage, and safety standards) • Meets safe and habitable building standards (structural integrity, electrical safety, • ventilation, and lighting)...Rates And Taxes: 7159Property Reference #: 202605-66364Agent Details:Lucky MabasoRockstar Realty2nd Floor BraamFischer Centre, 95 Braam Fischer Drive Ferndale Randburg

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