36 Bedroom Apartment in Musgrave

Prime Investment Opportunity Purpose-Built Student Accommodation Block

Calling all savvy investors in the student accommodation market! This modern, purpose-built block comprises 12 well-designed units, each featuring three bedrooms, a fully fitted kitchen, and a bathroom with a shower. The interiors boast sleek porcelain tiled floors, offering durability and a contemporary finish. Designed with student living in mind, the building has the capacity to accommodate up to 72 students comfortably.

The property also includes excellent communal facilities to enhance the student experience. A dedicated study room is equipped with individual desktops and plug points, creating an ideal environment for academic focus. There is also a spacious common area for meals and lounging, encouraging a sense of community among tenants. The entire block is secure, providing peace of mind for both students and parents.

Ideally located close to the Tollgate Bridge, the property offers convenient access to both UKZN and DUT campuses. The previous contract with DUT was voluntarily cancelled by the current owner but can be reinstated, providing a valuable opportunity for consistent rental income. This is a rare find for investors looking to tap into the high-demand student housing sector with a ready-to-go asset.

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.