16 Bedroom House in Lynnwood

R 5 960 000

Andries Volschenk

RE/MAX-Infoglobe Brooklyn

16 Bedroom House in Lynnwood

R 5 960 000

16 Beds
7 Baths
Floor Area 680 m²
Land Area 1662 m²
Rates R 11200

16-Bedroom Student House/Commune with approved guest house rights and solid rental income available in Lynnwood Proper - Only once in a blue moon does an investment opportunity like this come around for a lucky buyer!

Nestled in a boomed-off area within the leafy Lynnwood proper, only 4.5km from the University of Pretoria Main Campus and 1km from the Lynnwood/N1 off-ramp, this impressive and established student commune offers 16 rooms and is historically well-subscribed with a profitable mix of multi-annual and annual tenants. All rental applications are professionally-screened and managed.

The current owners spared no expense in upgrading the property into a premium and popular student commune, which is very-well maintained (the thatch roof being replaced one year ago) and managed.

Approved zoning and rights for a guest house add to the extensive property features and benefits thereby cementing the future income potential of the property.

Access and security are provided for by brick walls with electric fencing, electric access gate, front door security gate, and burglar-proofing and retractable security gates securing the wooden windows and doors of the property. Issuing of remote controls and keys to the residents is strictly controlled.

There is open parking space for approximately 10 motor vehicles in the forecourt with an established garden softening the perimeter.

Residents have the benefit of a communal dining room and lounge area with pool table, bar area and serving hatch to the kitchen. A television set with DSTV and Wi-Fi connectivity are included in the residents'' rental.

The kitchen is fully-equipped with a certified gas stove/oven, 2 microwave ovens, flat-top fryer, ice machine, 2 fridges, 1 freezer, double basin, dishwasher and full scullery/pantry.

Ablution in the main-house is catered for by 4 upper-level bathrooms: 1 shared bathroom with bath, shower, basin and toilet. 1 bathroom with shower and basin. 1 bathroom with bath, basin and toilet (and separate guest toilet). 1 lower-level bathroom with shower, basin and toilet.

Outbuildings comprise the laundry boasting 2 washing machines and 1 tumble dryer, 3 bathrooms each with showers, basins and toilets and staff quarters (bathroom with shower, basin and toilet) for the full-time factotum.

Outside relaxation and entertainment are catered for by a thatch lapa with bar and lounge area, swimming pool and boma.

All-in-all, this property offers the rather unique opportunity to purchase an established, professionally-managed and purpose-built student commune in excellent structural and cosmetic condition, which generates a significant monthly income as well as ensuring solid future revenue.

Should you wish to explore the possibilities that his property holds for you, feel free to contact me for further information.



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Key Property Features

Dining Areas
Access Gate
Built In Braai
Electric Fencing
Entrance Hall
Family Tv Room
Guest Toilet
Staff Quarters

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Experience Pretoria Central and Old East

Pretoria Old East is known as Jacaranda City because of the thousands of lilac bloomed trees that line the streets. It’s one of the city's oldest suburbs, with lovely established trees and gardens. With the university nearby, the atmosphere is young and full of energy and excitement. Students, art lovers and trendsetters can be found socialising by day and by night.

Find out more about Pretoria Central and Old East

16 Bedroom House in Lynnwood

R 5 960 000

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