R 16 999 000
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20 Bed Apartment in Wentworth

20 6 3 254 m² 1 597 m²

Investment Opportunity: Student Accommodation in Durban

Description:

This exceptional property offers a strong investment opportunity in the Durban student accommodation market. The property comprises two sections:

Existing Student Accommodation: A well-established student complex that currently houses 108 students. Each unit boasts its own private bathroom and a fully equipped kitchen for convenient living. With a contract already in place, this section guarantees immediate rental income.

Development Land: An adjoining vacant piece of land presents an excellent opportunity for further development. This prime location, earmarked for student accommodation, allows you to expand your rental capacity and maximize returns.

Additional Highlights:

Security: The property prioritizes student safety and security. On the property is CCTV and a control room, Access to the property is also monitored for extra security.

Accessibility: Located on a bus route, residents enjoy easy access to surrounding amenities and educational institutions.

Investment in this property offers:

Stable Income: Existing rental contract ensures a steady income stream.

Development Potential: Expand your capacity and rental income with the designated development land.

High Demand: Student accommodation remains in high demand in Durban, making this a secure investment.

This property is ideal for investors seeking a lucrative opportunity in the growing student accommodation market. Don''t miss out on this chance to secure your investment!

Security

Call Renaldo Geldenhuys for more info or for a personal viewing time slot.

Property details

  • Listing number T3969439
  • Property type Apartment
  • Erf size 3 254 m²
  • Floor size 1 597 m²
  • Rates and taxes R 2 949

Property features

  • Bedrooms 20
  • Bathrooms 6
  • Storeys 2
  • Access Gate
  • Alarm
  • Balcony
  • Built In Cupboards
  • Fenced
  • Laundry
  • Scenic View
  • Security Post
  • Staff Quarters
  • Storage
  • Study
  • Furnished
  • Entrance Hall
  • Kitchen
  • Garden
  • Scullery
  • Garden Cottage
  • Intercom
  • Family Tv Room
  • Paving
  • Guest Toilet

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