Apartment for sale
High-yield student investment providing dependable monthly income, ideally positioned for student rentals. NSFAS-accredited property with 51 beds across two floors, 34 bedrooms and 2 bathrooms.
CALLING ALL INVESTORS : STUDENT ACCOMMODATION ACCREDITED WITH NSFAS
The Seller is VAT registered and the purchase price excludes VAT. If the Buyer is registered as a VAT vendor, the sale will be a going concern and VAT will be NIL
51 x Student beds (2 Floors of accommodation – Male & Female)
Monthly income R224 264
Operational expenses R61 344
Net Income R162 920 (Monthly)
Cap Rate of 25.06%
Land size 684m2
Floor space 1031.52m2
Zoning Industrial Zone 2
Accredited with NSFAS since 2020
24-hour security
Communal kitchen, bathroom, and shower room on each floor
TV lounge with a DStv package, Computer Room & Study available
CCTV Camera with 24-hour Security & Bio Metric Access
Please note there are no municipal plans and no occupation certificate available
The zoning would need to be change to BUS1 or 2 if finance is needed
“The information provided is believed to be true and correct but does not form part of any agreement”
Listed for sale at R6,500,000
Limited comparable data
We found only 1 similar-sized active home in Gqeberha — not enough for a fair price comparison.
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
North End is a historic, centrally located industrial and residential suburb in Gqeberha that offers convenient access to the city center, major transport routes, and essential urban amenities.
