R 2 200 000
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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

Property details

  • Listing number T4822476
  • Property type House
  • Erf size 1 466 m²
  • Floor size 500 m²

Property features

  • Bedrooms 12
  • Bathrooms 4
  • En-suite 2
  • Lounges 2
  • Dining Areas 2
  • Open Parkings 6
  • Access Gate
  • Laundry

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