Commercial for sale
Vibrant student living steps from DUT and Durban Central amenities, featuring a five-year NSFAS accreditation contract, communal study and TV rooms, 54 bedrooms and 42 ensuite bathrooms.
Student Accommodation Investment Opportunity in Durban Central
Unlock a remarkable investment opportunity in the heart of Durban Central! This expansive property features 42 fully furnished rooms, each with ensuite bathrooms, offering the perfect solution for student accommodation. Designed for comfort and convenience, this property is an ideal choice for investors looking to cater to the growing student population in the area.
Key Features:
Accommodation Capacity: The property includes 42 individual bedrooms, configured as 1, 2, and 3-sleeper rooms, providing versatility to accommodate various student needs. Additionally, there are 6 separate 2-bedroom units, bringing the total accommodation capacity to 121 students.
Established Contract: The property has an existing 5-year accreditation contract with the National Student Financial Aid Scheme (NSFAS) specifically for Durban University of Technology (DUT) students, ensuring a steady stream of residents and income.
Shared Amenities:
Fully Equipped Kitchens: Enjoy the convenience of 8 fully equipped kitchens, allowing students to prepare their own meals and fostering a communal living experience.
,92,000Conference and Bar Facilities: The property features dedicated conference room space suitable for meetings and events, along with bar facilities for social gatherings.
Communal Areas: A communal study room and a communal TV room provide relaxation and study spaces for students, encouraging a vibrant community atmosphere.
Laundry Facilities: Onsite laundry facilities ensure convenience for all students.
Security Features: The property is secured with 24-hour security guards and comprehensive CCTV coverage, ensuring the safety and peace of mind for all students.
This well-structured property in Durban Central is an outstanding investment opportunity, with the necessary infrastructure and contracts in place to cater to a thriving student community. With its prime location, comprehensive amenities, and established accreditation, this property is poised to provide excellent returns.
Rental Income = Aprox R 653,400
Expenses = Aprox R 90,000
WHOPPING TOTAL INCOME OF R 561,400 per Month!!!
Don’t miss out on this fantastic opportunity—schedule your viewing today!
Listed for sale at R16,000,000
Durban Central offers a vibrant, fast-paced urban lifestyle characterized by its rich architectural heritage, proximity to the Indian Ocean coastline, and convenient access to the city's primary business and cultural hubs.
