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Effortless campus living and steady returns, steps from Walter Sisulu University in Queenstown; fully tenanted with 41 rooms (82 students), on-site generator and secure parking.
This fully operational student residence offers a rare opportunity to invest in a high-yield property ideally located just 500m from Walter Sisulu University (Queenstown Campus).
The property is currently fully tenanted, accommodating 82 students and generating a stable monthly income of approximately R276,000. A renewable Memorandum of Agreement (MOA) with Walter Sisulu University ensures consistent occupancy and long-term sustainability.
The double-storey building comprises 41 well-maintained rooms, each fitted with built-in cupboards and a private kitchenette, including a gas stove and cylinder for uninterrupted use.
Additional facilities include communal bathrooms (toilet, shower, and basin), a study room, laundry area, and secure parking. The property is equipped with Wi-Fi and DSTV, enhancing student comfort and convenience.
To ensure uninterrupted services, the property includes a generator and two water tanks.
Security is a key feature, with palisade fencing, high perimeter walls, controlled access, CCTV surveillance, and an on-site security guard.
This property is compliant with student accommodation requirements and is perfectly positioned in a high-demand rental area.
Property Features:
41 Bedrooms
82 Student Capacity
41 Kitchenettes (with gas stoves & cylinders)
Bathrooms (toilet, shower, basin)
Study Room
Laundry Facilities
Wi-Fi & DSTV
Secure Parking
Generator
2 Water Tanks
Security:
Gated access
Palisade fencing & perimeter walls
CCTV cameras
On-site security guard
Rates & Income
Monthly Income: ± R276,000
Tenancy: Fully Occupied
Agreement: MOA with Walter Sisulu University and NSFAS (renewable every three years)
Location:
±500m from Walter Sisulu University
Excellent turn-key investment with immediate returns. Financials available on request. Call us now to schedule viewing.
Listed for sale at R18,000,000
How this home compares with 18 active listings in Queenstown.
Insight
Priced 757% above the local median — and above the typical range for Queenstown.
Buyers should compare condition, position, views, finishes and floor size before deciding. Benchmarked on town-level data where the suburb sample is limited. Premium pockets may trade above town averages — check with the agent for local guidance.
Similar properties pricing
Market depth
18 listings
Similar homes town-wide
118 days
Median time on market
Medium inventory
Active across Queenstown
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Queenstown Central serves as the bustling commercial and administrative heart of the town, offering residents convenient access to essential services, historic architecture, and a vibrant community atmosphere.
* Distances and amenities are approximate.
