5 Bedroom House in Jan Hofmeyer

An established student accommodation investment offering immediate rental income, existing occupancy and an opportunity to expand its income-generating potential.

Situated in the sought-after suburb of Jan Hofmeyer, this student accommodation property presents an exciting opportunity for investors looking to enter or expand within the student housing market, particularly given its excellent proximity to the University of Johannesburg UJ.

The existing main house accommodates eight male students and comprises five bedrooms, thoughtfully arranged to offer two single-occupancy rooms and three shared rooms. The property is currently occupied and enjoys consistent demand, with the accommodation reportedly fully occupied year after year. The current rental income stands at R21,400 per month, with furniture included in the sale. Students are required to provide their own bedding.

Adding further value to this investment is an additional five-bedroom accommodation project at the rear of the property. Although construction has been placed on hold, the project is approximately 8090 complete, presenting an opportunity for the next owner to complete the remaining work and unlock additional rental income. The additional accommodation is designed around a similar communal living arrangement, with shared kitchen and bathroom facilities. Once completed and operational, the property has the potential to accommodate approximately 16 students in total, subject to the final layout and relevant approvals.

The property is also equipped with practical features that support comfortable student living, including a well-maintained front garden, a water storage tank and pressure pump. Importantly, the property remains connected to the municipal water supply, providing an additional water source, while prepaid electricity allows for convenient consumption management. A stay-in caretaker is also on the premises, providing an added level of supervision and assistance with the day-to-day running of the accommodation.

Security is another notable consideration, with municipal security officers operating in the surrounding area. Its location is particularly attractive, being less than 1 km from UJ''s Bunting Road Gate 1 and approximately 400 metres from Gate 2 via the sports field, making it conveniently positioned for students.

The accommodation operates on a private rental basis, making it an accessible option for students whose accommodation is privately funded by themselves or their parentsguardians. This also opens the door to serving students who may not qualify for, or have access to, accommodation funding or bursary support, providing an alternative housing option close to campus.

INVESTMENT HIGHLIGHTS:

- Established student accommodation business.

- Current rental income of R21,400 per month.

- Currently accommodates eight male students.

- Two single rooms and three shared rooms in the main house.

- Furniture included in the sale.

- Students provide their own bedding.

- Additional five-bedroom accommodation approximately 8090 complete.

- Potential to increase accommodation capacity to approximately 16 students.

- Stay-in caretaker.

- Well-maintained front garden.

- Municipal water connection, water storage tank and pressure pump.

- Prepaid electricity.

- Excellent proximity to the University of Johannesburg.

- Consistent student accommodation demand in the area.

This is an opportunity to acquire more than just a property. It is an opportunity to take over an established accommodation business, benefit from existing rental income and complete an expansion project that could significantly increase its income-generating potential.

If this is the kind of property investment or business opportunity you have been looking for, give me a call. I''d be delighted to share more information and take you through the opportunity.