A 12-sleeper NSFAS-accredited student accommodation is available for sale on a spacious 1000 square meter stand in Westdene. This neat and well-maintained property is located in the leafy suburb of Westdene, offering a great investment opportunity.
This commune has COJ Consent and NSFAS Accreditation for 12 students, but it can comfortably accommodate 10 students in the main house, which features a large communal kitchen and a sitting room
The main house includes 10 bedrooms, providing comfortable accommodation for 10 students, with an additional 2 bedrooms located outside.
There are 2 garages that could be converted into 2 more bedrooms or cottages.
Situated on a double stand, this property offers ample space for further development, whether for extra rooms or a larger investment property. It has a capacity for 12 students in total.
Located just 1.5 km from the nearest gate Auckland Park Campus, the property is in a neat, quiet street patrolled by armed response security guards.
The backyard, being on a double stand, is ideal for future development.
Currently, the property is fully occupied by NSFAS and cash-paying students. It is within walking distance of Helen Joseph Hospital, Garden City Hospital, and Milpark Hospital, making it highly attractive to nurses from out of town.
This property serves as a feeder for students from the University of Johannesburg's Auckland Park and Bunting Road Campuses, as well as Wits University, due to its proximity to both.
Adding more units to the back would appeal to nurses or young professionals, given its easy access to the M1 highway.
The full rental potential without further expansion is currently R64 000.00 per month,
The property is equipped with a gas stove to handle prolonged power outages and is also an electricity cost saver.
This student commune won’t be on the market for long, so act now to secure it! Open to negotiable offers.
