900 m² Commercial space in Pretoria Central

R6,950,000 | 35 Bachelor Apartments | Fully Occupied | Student Accommodation Upside

A rare opportunity for investors seeking an established, income-producing property with substantial future potential.

Positioned in Pretoria Central on the Arcadia border, this full-title investment comprises 35 self-contained bachelor apartments, each with its own kitchenette and bathroom.

The property is currently fully occupied, providing an established rental income stream from working tenants. At the same time, its strategic location creates an attractive opportunity to explore student accommodation as an alternative or future income strategy. Zoning: General Business B-Grade.

WHY THIS PROPERTY DESERVES INVESTOR ATTENTION

35 income-generating apartments Currently hosting 68 people.

Approximately 800m² net lettable area

528m² erf

Approximately R1.04 million current gross annual income

Approximately R670,000 current net annual income

Fully occupied with additional tenant demand

5 secure parking bays

Prepaid electricity meters

Water recovery from tenants

Face-brick construction relatively low maintenance

Live-in caretaker

Secure gated access

Fibre connectivity

3 residential floors

THE LOCATION THE OPPORTUNITY

The property is strategically positioned close to major educational, medical, transport, and commercial nodes, including TUT, the University of Pretoria, TVET institutions, and Steve Biko Academic Hospital.

It is also conveniently located near public transport, shopping facilities and other essential amenities.

INVESTMENT UPSIDE

The current residential rental model provides an existing income base.

For an investor looking to reposition the asset, the property also presents student accommodation potential, subject to the necessary approvals, accreditation and municipal requirements.

The current listing indicates that the building could accommodate approximately 100 student beds subject to could accommodate approx. 100 students beds subject to conversion. Creating a potential significant income model.

PROPERTY & ZONING

The building was converted from office use to residential in 2018 and is currently zoned General Business, with an application for General Residential noted in the listing.

The property is held in a company, however, the company itself is not being sold. Transfer duty is payable.

THE INVESTOR TAKEAWAY

This isnt simply a 35-bedroom property.

It is an income-producing multi-unit asset with an existing tenant base, proven rental demand and multiple potential strategies for future value creation.

Whether your strategy is:

Hold & collect income

Optimise existing rentals

Reposition for student accommodation

Add value through refurbishment

Build a larger property portfolio

This opportunity warrants serious consideration.

ASKING PRICE: R6,950,000

Income and expense information available to qualified purchasers during due diligence.

Pretoria Central | Arcadia Border

Serious investors are invited to enquire for further information, financials and a private viewing.

All information is subject to verification and purchaser due diligence. Student accommodation conversion, zoning and accreditation are subject to the relevant approvals.