Premium Dual-unit Investment Opportunity: High-yield Student Rental Near University
🏠 This offering presents a compelling, low-maintenance investment opportunity: two separately titled, well-maintained townhouses in the highly sought-after New Park area. The strategic proximity to the local university makes this a prime asset for tapping into Kimberley`s robust student accommodation market, ensuring strong, consistent rental demand.
💰 Investment Highlights
Exceptional Location: Situated within easy walking distance of the university campus, maximizing appeal to the large student tenant pool. Proximity to schools and essential amenities further enhances rental viability.
Dual-Income Stream: Two independent units provide immediate, diversified rental income from day one.
Low Operating Costs: Both units feature low-maintenance construction and paving, significantly reducing ongoing management and upkeep expenses.
Essential Utilities: Each unit has its own prepaid electricity meter, simplifying utility management and minimizing landlord risk. A shared JoJo tank and pressure pump system provides essential water backup, a critical feature for tenant satisfaction.
Future Expansion Potential: A key value-add is the existing two single garages (one per unit), which can be potentially converted into additional self-contained living units (e.g., bachelor pads), substantially increasing the total rental yield and return on investment (ROI).
🏘️ Unit Specifications:
Unit 1 (1 Bedroom)
Configuration: 1 Bedroom with built-in cupboards, 1 Bathroom.
Living Area: Neat Living Room / TV Lounge.
Kitchen: Equipped with hob and under counter oven.
Ancillary: Separate Laundry / Scullery area.
Parking: Single Garage (High potential for conversion into an additional rental unit).
Utilities: Own prepaid electricity meter.
Unit 2 (2 Bedrooms)
Configuration: 2 Bedrooms with built-in cupboards, 1 Full Bathroom.
Living Area: Spacious Living Room / TV Lounge.
Kitchen: Equipped with a loose stove.
Ancillary: Separate Laundry / Scullery area.
Parking: Single Garage (High potential for conversion into an additional rental unit).
Utilities: Own prepaid electricity meter.
This is a turnkey investment designed for immediate rental commencement for families/students and future capital appreciation via strategic garage conversion.
