R 1 795 000
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9 Bed House in Westdene

9 7 1 495 m²

Generating R35 500 per month!!! With consent use from COJ (Commune License)

Calling all student accommodation investors to plug and play this into their portfolio

This student accommodation which is a street away from the University of Johannesburg is looking for a new owner

The property has 3 dwellings on the property with a total of 9 furnished bedrooms and 7 bathrooms excluding the caretaker''s room

5 out of 10 rooms have ensuite bathrooms with 2 of the bedrooms able to house 2 students each.

Therefore, you can house a total of 11 students on the property

Potential income is R35 500 p/m making a total of R355 000 per annum (10 Months)

Each bedroom has a bed, table chair & wardrobe

The property is a 5 minute walk to the University of Johanneburg Kingsway Campus Gate 6

With consent use from COJ, you can apply for NASFAS accreditation as the heavy lifting as been concluded

Extras include: Double Garage, Furniture, Caretaker Accommodation

Call Ben today before it''s gone

Property details

  • Listing number T4590063
  • Property type House
  • Listing date 9 Apr 2024
  • Land size 495 m²
  • Rates and taxes R 2 319

Property features

  • Bedrooms 9
  • Bathrooms 7
  • Garage parking 1
  • Flatlets
  • Security post
  • Staff quarters
  • Furnished

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