5 Bedroom House in Labram

Prime Student Accommodation Investment 200m from Sol Plaatje University

DUAL MANDATE

Located just 200 metres from Sol Plaatje University, this 991 m² property presents an outstanding opportunity to develop a high-yield student accommodation investment in a prime, high-demand area. The property is structurally sound and offers a solid foundation for renovation, with clear and practical options to significantly increase student capacity.

The existing main house currently comprises 3 bedrooms and 2.5 bathrooms, along with a spacious living room and sunroom. With thoughtful renovation, the living room and sunroom can be converted into two additional bedrooms, increasing the main house capacity to 5 bedrooms while still maintaining functional shared facilities for students.

In addition, there is an existing two-bedroom apartment situated separately from the main house. The double garage is directly joined to this flat, creating a straightforward opportunity to break through and incorporate the garage space into the apartment. With renovation and reconfiguration, this combined space can comfortably accommodate up to five students, substantially enhancing rental income potential.

The property also features a pool area with no permanent structure surrounding it. The pool can be closed, allowing for further development in this section of the erf. This creates the opportunity to construct an additional unit capable of accommodating a further three to four students, while still leaving ample garden and communal outdoor space to support a shared student living environment.

With its large erf, flexible layout, and exceptional proximity to the university, this property offers investors a clear vision for maximising space and increasing bed capacity. With the right upgrades and development plan, it can be transformed into a substantial, income-generating student accommodation asset in a sought-after location.

LORABI 9 CC trading as REMAX Diamond Kimberley operates in terms of a franchise agreement with REMAX of Southern Africa.