Charming Student Accommodation Investment Opportunity Near the University of the Free State
Discover an exceptional investment opportunity with this NSFAS-accredited property, ideally located just 5 kilometers from the University of the Free State and registered at the Central University of Technology (CUT). This expansive property offers a total of 13 bedrooms, making it a highly desirable option for student accommodation.
The main house boasts 7 spacious bedrooms, providing ample living space for students. Additionally, a double garage has been expertly converted into additional rooms, enhancing the property's capacity and income potential. Two separate flatlets further increase accommodation options, making this property a versatile choice for maximizing rental income.
Currently generating an impressive income of R40,000 per month, this property has the potential to reach a remarkable R60,000 per month. With rates for shared rooms starting at R4,000 per month (including bathroom) and R3,600 per month (without bathroom), this investment offers significant returns. Rates are all-inclusive, covering essential utilities such as water, electricity, Wi-Fi, and transport, providing students with a convenient and hassle-free living experience.
The property also features a swimming pool, creating a relaxing environment for tenants to enjoy during their downtime. Please note that the Wendy house is not included in the sale.
This is an outstanding opportunity for investors seeking a lucrative venture in student accommodation. With its prime location and strong income potential, this property is poised to deliver excellent returns. Don’t miss out—contact us today to arrange a viewing and secure your investment in this thriving student community.
