R 2 200 000
calculate bond costs

12 Bed House in Melville

12 4 6 1 466 m² 500 m²

PRIME STUDENT ACCOMMODATION DEVELOPMENT OPPORTUNITY IN MELVILLE!

Seize this exceptional chance to capitalize on the growing demand for student housing in Johannesburg!

Key Highlights:

- 2 adjacent stands (2 x 745sqm) with 2 semi-detached homes and a standalone structure

- Ideal location for student accommodation: close proximity to UJ, Johannesburg Business School, and Wits University

- Existing structures offer potential for redevelopment into a high-yielding student housing complex

- Ample parking and easy access to public transport hubs

- Close proximity to Spar Shopping Centre, Mays Chemist, and Campus Square

Investment Benefits:

- Maximize returns through efficient redevelopment

- Generate excellent cash flow from student rentals

- Capitalize on the growing student population in Johannesburg

- Secure a prime location with limited supply of student accommodation

Property Details:

- 2 x 230-240sqm buildings with 2 outbuildings (ideal laundry rooms)

- 4th Avenue, Melville - just off the main road

- Asking price: R 2.7 million for both stands (single transaction preferred)

Don''t miss this rare opportunity!

Contact [Your Name] today to secure this prime development site and capitalize on the booming student accommodation market!

Key highlights:

1. Prime location for student accommodation

2. Investment potential and returns

3. Growing demand for student housing

4. Efficient redevelopment opportunities

The owners are willing to negotiate, open to all reasonable offers. Don''t miss the chance the chance to get a great deal.

Message for inquiries or to schedule a viewing.

Property details

  • Listing number T4822476
  • Property type House
  • Listing date 11 Oct 2024
  • Land size 1 466 m²
  • Floor size 500 m²

Property features

  • Bedrooms 12
  • Bathrooms 4
  • En-suite 2
  • Lounges 2
  • Dining areas 2
  • Open parking 6
  • Access gate
  • Laundry

Photo gallery