Exceptional Student Accommodation Investment – Prime Location Near UOFS
This outstanding high-yield investment opportunity is ideally located just 1.3 km from the University of the Free State, making it perfectly suited for student accommodation. With an estimated rental income of approximately R107 800 per month, this property offers impressive returns and strong future growth potential.
Set on a single erf, the property features two separate houses, allowing for phased development or multiple income streams.
The main double-storey home offers 9 bedrooms, 3 bathrooms, a spacious living area, and a well-sized kitchen with a separate scullery. While the structure is solid, some renovation is required, creating an excellent opportunity to add value and maximize returns. In addition, there are 3 bachelor units, each fitted with a bathroom and kitchenette.
The second house is partially completed, with approved plans for up to 13 bedrooms and a kitchen. Currently, 9 rooms have already been built, and the remaining construction can be completed to unlock the full potential of the property. Once finalized, the property will offer a total of approximately 25 rooms.
Additional features include a 2,200-litre water tank, a lapa/entertainment area, and ample on-site parking.
Situated in a high-demand student area close to UOFS, this is a rare opportunity to secure a large-scale income-generating property with excellent upside for investors and developers alike.
