Potchefstrooom is no stranger to the Student House concept as it has historically been a very lucrative market with a vested community that has no foresight of ever losing pace even with our recent fight with COVID-19.
As such it is with a incredibly Big Smile that I am premiering this stunning Student Housing Complex to the market, as not only does it come with a standing long term lease agreement with a local Tertiary Education Institute - and here is the BIG BENEFIT - The company currently runs the entire complex including maintenance, placement and rent collection (I will fully explain the extent of the management when we meet in person).
The Housing unit consists of five 4 bedroom units - each with their own open plan kitchen/ Family TV room and two bathrooms as well as a 1 bedroom unit totaling at 21 available bedrooms.
Additionally there is ample parking and two common laundry areas with a shared laundry line.
The Complex is also centrally located to the university and walking distance from the current Tertiary Education Institute that is leasing the premises.
With a gross ROI of 12.47% this is a must see and a GREAT investment opportunity that can provide a substantial passive income!