84 Bed Apartment in Danville

Danville is a prime located suburb, not only with various school options, shopping centres, and other amenities but also due to its ease of access from major arterial routes via the R55 and N4. A major investment opportunity for this specific location is the Tshwane University of Technology (TUT) located a mere 5km away which makes it perfect for student accommodation!

This property in summary has the following value-adds on offer:

1) 2371 square meter main building double storey -

* 84 rooms

* 26 bathrooms and 29 toilets

* 3 bathrooms with large baths

* 3 large staircases + 2 narrow staircases

* elevator and reception area

2) 869 square meter single-story building and outbuildings -

* Large kitchen

* Dining hall

* Lounges

* Offices

* Laundry

* Staff ablutions

* Storerooms

Additional extras include: Smoke detectors, CCTV network, emergency lights, and sufficient fire-fighting equipment.

An upfront valuation on this property was done based on the Income Capitalisation method and took into account the current condition of the property, location, and level of demand in the area. All detailed letting options and other calculations can be discussed in person and by strict appointment only. Call me today to discuss your investment opportunity.