Property description

This unique property, spread across two title deeds, offers an outstanding opportunity to develop and operate student housing in a high-demand area. With a combined gross lettable area of ±1,215m² across three buildings (two 3-storey and one single-storey), the property already has zoning in place for student accommodation, giving investors a head start in this growing market.

In total, the three buildings offer 27 units—8 units in Building 1, 8 units in Building 2, and 11 units in Building 3—along with ±26 secure parking bays. The layout makes it ideal for conversion to student residences, with ample space for shared facilities and common areas.

Currently, the property operates at around 30% occupancy, presenting significant potential for redevelopment and value-add. Operating expenses across both deeds are low, averaging ±R31,210 per month, making it a manageable and cost-efficient investment.

At a purchase price of R13,700,000 excl. VAT, this multi-title property offers an exciting opportunity for developers or investors to transform it into a thriving student housing hub and secure long-term rental income.

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Pre-qualified or cash buyers will be given preference.

If this property does not suit your needs or taste, please give me a call so that we can discuss and find your dream home or next investment!!!