Fully Accredited Student Accommodation Near Nelson Mandela University

This property offers an exceptional investment opportunity, this fully accredited student accommodation is strategically located within walking distance of Nelson Mandela University. With a solid income stream, low-maintenance design, and ready-to-rent facilities, this property is a prime choice for investors seeking high-yield returns. Divided into three distinct sections, it provides a versatile layout to maximize rental income potential.
With the potential to continue or expand its use as student housing, this property is a solid investment with a track record of consistent returns.
The Property Features:
1. Main Family House:
o Spacious Open-Plan Layout: Includes a generous lounge and dining area, creating a welcoming space for social gatherings.
o Kitchen: Equipped with built-in cupboards, an under-counter oven, hob, and extractor fan for modern convenience.
o Bedroom & Bathroom: One well-appointed bedroom with tiled flooring and a full bathroom featuring a basin, bath, shower, and toilet.
o Outdoor Area: Enjoy a large undercover patio complete with a built-in braai, ideal for entertaining.
2. Second Section: Self-Catering Student Area:
o Accommodation: Five comfortable bedrooms with self-catering kitchenettes, catering to independent living.
o Bathrooms: Three bathrooms, allowing for shared use among students.
o Common Areas: A shared living room.
3. Third Section: Shared Student Living:
o Accommodation: Six well-designed bedrooms.
o Bathrooms: Three shared bathrooms.
o Common Areas: Includes a spacious lounge and a shared kitchen, promoting a community environment.
Additional Amenities:
• Durable Exterior: Low-maintenance face brick with aluminum windows.
• Laundry Facilities: A separate laundry facility for added convenience.
• Utilities: Pre-paid electricity meter and cost-effective borehole water supply.
• NSFAS Accreditation: Accommodates 8 NSFAS-supported students and 3 cash-paying students.
• Financial Records: Proven income statements from current tenants available upon request.
For more information or to schedule a viewing, contact us today!