Great investment student accommodation
A rear-find business opportunity at a bargain price!
This very well-looked-after property is on the market for investors who know when and where to invest their money, ensuring great returns.
This 15-bedroom student accommodation forms part of two units linked together on the ever-popular Braam Pretorius Street, in the heart of Hatfield. Currently running on 70% occupancy (pre-approved good tenants). This property is within walking distance of the University of Pretoria and Hatfield Square. It is also within walking distance of the Gautrain, hospitals, and shopping malls. The spacious and well-maintained rooms are situated on two levels. The ground and first floors are serviced by a reception area, communal kitchen, shared bathrooms, and toilets. The two main bed rooms are en-suite, and all rooms exit onto their own balconies or private gardens.
On the ground floor are 8 bedrooms, a lounge, a kitchen, two separate toilets, and two bathrooms. Option of converting the lounge into another 16th bedroom. The income potential of this student accommodation exceeds R40,000 plus. Despite the property being very neat and well maintained, its income potential will be much greater with upgrading the carpeted floors with tiles and modernising the bathrooms and kitchen.
On the first floor are 4 bedrooms, of which two are on-suite with big balconies. There is ample parking space and electric fencing, making this accommodation very convenient and in favour of students.
A full laundry room also comes with the property and offers a great amenity for the students to have.
Electricity is prepared in every room.
Potential income of +-R45k per month if fully let.
Don''t miss this opportunity it will be for the lucky investor who does not allow dust to gather on a great investment. Call us now to avoid disappointment.
