20 Bedroom House in Colbyn

Situated at Colbyn, this well-positioned accommodation property presents an excellent investment opportunity for investors seeking an established rental income in a popular student and young professional area.

Ideally located approximately 15 minutes walk from the University of Pretorias Hatfield Campus, the property offers 20 furnished rooms, each featuring a private en-suite bathroom. The accommodation is designed to cater to students and young working professionals seeking convenient and secure living arrangements.

PROPERTY FEATURES:

- 20 furnished rooms, all with private en-suite bathrooms

- 15 rooms with their own kitchenettes

- 5 rooms sharing two communal kitchens

- Each room furnished with a bed, desk, fridge and microwave

- Communal washing machines

- Prepaid electricity in every room

- Wi-Fi available

- Individual panic buttons for every tenant

- Situated within a secure boomed-off area

- 6 covered parking bays

- 4 open parking bays

INVESTMENT FIGURES:

- Current occupancy: 100

- Current monthly rental income: R70,000

- Current monthly expenses: R11,700

The property is not NSFAS-registered.

An additional advantage is that the property is the sole asset of the owning company, making a share sale a potential option, subject to due diligence and the necessary legal and tax considerations.

With its convenient location, furnished accommodation, security features and established rental income, this property is an excellent opportunity for investors looking to enter or expand their portfolio in the student accommodation market.