Commercial space in Southernwood

PRIME STUDENT ACCOMMODATION INVESTMENT OPPORTUNITY SOUTHERNWOOD, EAST LONDON

A rare and exceptionally well-positioned income-producing property with outstanding student accommodation potential.

Situated in Southernwood, this substantial three-storey property is ideally positioned within close proximity to universities, colleges, public transport and essential amenities, making it an extremely attractive proposition for student accommodation.

The property is already fully tenanted, is clean, well maintained and cared for, and offers excellent-sized rooms with an established rental income stream. For an investor, this means the property can be purchased as a going concern while also offering significant potential to optimise the rental model for the student market.

PROPERTY FEATURES:

83 double and single rooms

6 bachelor flats, each offering an open-plan bedroom, kitchen and lounge with bathroom

3 bedsitters

1 two-bedroom caretakers flat

12 showers

13 toilets

12 on-site parking bays

On-site spaza shop

Large drop-safe facility for rental collections

Erf size of approximately 1,366m²

Three-storey building

Currently fully tenanted

Well maintained and exceptionally clean

EXCEPTIONAL STUDENT ACCOMMODATION POTENTIAL

The real opportunity lies in the propertys student accommodation potential. With its location, number of rooms and proximity to tertiary institutions, the existing accommodation can potentially be repositioned to achieve substantially higher rental returns through student accommodation.

Based on the figures supplied, the property has the potential to generate approximately three times the existing gross rental income if successfully converted to a student-focused rental model, subject of course to achievable student rental rates, occupancy, compliance and any required approvals.

This is not simply a large residential property it is a high-volume income-producing accommodation asset with multiple income streams and significant upside potential.

A fantastic opportunity for an investor looking for an established income-producing property in a prime student accommodation location in East London.

The location, existing tenant base, number of rooms and potential for increased student rentals make this a property that deserves serious consideration.