Commercial space in Morningside

An excellent investment opportunity in Morningside, this well-established student accommodation property is now available for sale. It spans three consolidated properties and is fully operational with a secure, long-term contract in place.

Property Overview:

Accommodates approximately 115 students

65 rooms, 47 Showers

Communal Bathrooms and ensuite bathrooms

Current 3-year contract with NAFSIS, generating a stable monthly income (R4,693 per student)

Accommodation Options:

One- and two-bedroom units with en-suite bathrooms

Single and double rooms with shared bathroom facilities

Four fully equipped communal kitchens

Comfortable outdoor relaxation area

Features andamp Amenities:

24-hour security for peace of mind

Shared kitchen and laundry facilities

Safe, well-maintained living environment

Convenient access to public transport and major roadways, including highways

Located close to Windermere Road and the vibrant Florida Road precinct, this property is perfectly positioned for student living with easy access to shops, restaurants, and transport routes. This is a rare opportunity to acquire a high-yielding, turn-key student housing investment in one of Durbans most desirable suburbs.

Why Invest in Student Accommodation in Durban?

Investing in student accommodation in Durban presents a compelling opportunity, driven by a consistently high demand for quality student housing. Research highlights a substantial shortage of student beds in KwaZulu-Natal, with many students currently residing in conditions that are not conducive to academic success.

In response to this growing demand, significant developments are underway most notably the R800 million Thrive Student Living project, which aims to deliver 2,400 student beds near the University of KwaZulu-Natal''s Howard College campus by January 2027. This initiative underscores the markets recognition of the acute need for well-managed student housing in the region.

The persistent undersupply, combined with large-scale developments, affirms the strong and sustained demand for student accommodation in Durban.

With an established operation, secured lease agreements, and a proven income stream, this property offers investors a turnkey solution with stable, predictable returns.

To ensure a seamless acquisition process, we recommend engaging with legal professionals experienced in Durbans real estate sector to navigate regulatory requirements and optimize your investment.

CHRIS AND LISA PEARSON PROPERTIES (PTY) LTD trading as RE/MAX Address (Berea) operates in terms of a franchise agreement with RE/MAX of Southern Africa.