Commercial for sale
Prime Arcadia-border location near University of Pretoria and Steve Biko Hospital — fully occupied 35 self-contained bachelor units with kitchenette, secure gated access and parking.
R6,950,000 | 35 Bachelor Apartments | Fully Occupied | Student Accommodation Upside
A rare opportunity for investors seeking an established, income-producing property with substantial future potential.
Positioned in Pretoria Central on the Arcadia border, this full-title investment comprises 35 self-contained bachelor apartments, each with its own kitchenette and bathroom.
The property is currently fully occupied, providing an established rental income stream from working tenants. At the same time, its strategic location creates an attractive opportunity to explore student accommodation as an alternative or future income strategy. (Zoning: General Business) ( B-Grade).
WHY THIS PROPERTY DESERVES INVESTOR ATTENTION
35 income-generating apartments Currently hosting 68 people.
Approximately 800m2 net lettable area
528m2 erf
Approximately R1.04 million current gross annual income
Approximately R670,000 current net annual income
Fully occupied with additional tenant demand
5 secure parking bays
Prepaid electricity meters
Water recovery from tenants
Face-brick construction = relatively low maintenance
Live-in caretaker
Secure gated access
Fibre connectivity
3 residential floors
THE LOCATION = THE OPPORTUNITY
The property is strategically positioned close to major educational, medical, transport, and commercial nodes, including TUT, the University of Pretoria, TVET institutions, and Steve Biko Academic Hospital.
It is also conveniently located near public transport, shopping facilities and other essential amenities.
INVESTMENT UPSIDE
The current residential rental model provides an existing income base.
For an investor looking to reposition the asset, the property also presents student accommodation potential, subject to the necessary approvals, accreditation and municipal requirements.
The current listing indicates that the building could accommodate approximately 100 student beds subject to could accommodate approx. 100 students beds subject to conversion. Creating a potential significant income model.
PROPERTY & ZONING
The building was converted from office use to residential in 2018 and is currently zoned General Business, with an application for General Residential noted in the listing.
The property is held in a company, however, the company itself is not being sold. Transfer duty is payable.
THE INVESTOR TAKEAWAY
This isn’t simply a 35-bedroom property.
It is an income-producing multi-unit asset with an existing tenant base, proven rental demand and multiple potential strategies for future value creation.
Whether your strategy is:
Hold & collect income
Optimise existing rentals
Reposition for student accommodation
Add value through refurbishment
Build a larger property portfolio
This opportunity warrants serious consideration.
ASKING PRICE: R6,950,000
Income and expense information available to qualified purchasers during due diligence.
Pretoria Central | Arcadia Border
Serious investors are invited to enquire for further information, financials and a private viewing.
All information is subject to verification and purchaser due diligence. Student accommodation conversion, zoning and accreditation are subject to the relevant approvals.
Listed for sale at R6,950,000
Pretoria Central offers a vibrant, historic urban lifestyle characterized by its proximity to government institutions, diverse cultural landmarks, and extensive public transport connectivity.
