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Investment opportunity: 10-bedroom student accommodation with approved plans, security features, and potential for additional cottages on 743 m².
Sometimes there comes a property that is set apart-presence and panache all in one. Ideally positioned is this lucrative student accomodation up for grabs. This property exudes countryside aura. One stop package just waiting for the investor and decorator in you to emerge.Quality is remembered long after the price is forgotten.
10 inside bedrooms fully occupied with City of Joburg approved building plans and Certificate of Occupancy.West wing has 3 bedrooms and combined toilet and bathroom. East wing has 3 bedrooms and combined toilet and bathroom. South wing has 4 bedrooms, main entrance has big kitchen with 2 sinks, 2 stoves of which one is a gas stove and combined toilet and bathroom. All 10 bedrooms have wall mounted heaters and prepaid electricity meters.
Outside is a self contained caretaker room and scullery or laundry area.Property is alarmed with alarm beams, 11 panic buttons together with remote control for the gate.Electric fence throughout, 8 cameras and 2 Jojo tanks of 2500 litres each. Solar panels for interrupted power which can only work on Wi-Fi, cameras and main router with 3 access points. Property has electric fence , remote controlled gate and Vuma fibre. In addition there is a led light and 12 rat trap devices. Electricity is prepaid and so is water also prepaid.
Considering it's 743sq metres, there is more room to build 3 self contained cottages which will boost the return on income.
If this is what you are looking for please give me a call to arrange viewing.
Listed for sale at R2,225,000
Price reduced by 5.6% to R2,100,000
Price reduced by 2.4% to R2,050,000
Auckland Park is a vibrant and centrally located suburb offering a mix of academic institutions, residential areas, and convenient access to amenities, making it an attractive place to live.
* Distances and amenities are approximate.
