Student Accommodation or Apartments with potential to expand!
The property comprises the following accommodation:
9 x bachelor units (bedroom, shower, toilet, basin & BIC)
7 x Loft units (up-downstairs, shower, toilet, basin & BIC)
These rooms are good for singles or couples. (students, guests, or working people) All the units have Mnet. Most rooms furnished
Additional accommodation includes:
1 x 2 bedroom cottage.
1 x bachelor unit.
1 x 2 bedroom house (large house with lounge dining room, kitchen etc).
1 x Domestic room or bachelor unit -1bed 1bath
There is also a Restaurant and Conference centre on the property. The Restaurant, with a Bar has a buffet serving area, commercial kitchen, walk-in-fridge, and a storeroom. The restaurant is also wheelchair friendly. The restaurant has Male, Female & Disabled toilets. The restaurant can seat approximately 100 people. (restaurant not operating at present)
The Conference Centre, with 2 male toilets, 2 female toilets, 1 disabled toilet and a kitchen. The conference room can seat approximately 80-100 people.
There is a great opportunity to increase the rooms on the premises by converting the restaurant and conference centre. There is sufficient power and plumbing in the restaurant and Conference centre for the additional residential rooms. Depending on size there could be an additional 8 to 12 rooms added to the property.
There is sufficient parking space to accommodate all residents cars.
The rooms can generate R85k to R90k per month excluding the restaurant and conference centre. If these are converted to living units they could generate an additional R40 to R50k per month.