Investment Opportunity: Student Accommodation in Westdene
Situated just a stone's throw away from the University of Johannesburg, this property is perfectly positioned to capitalise on the high demand for student accommodation. Currently housing UJ students, this property generates a substantial rental income of R32,000 and monthly costs add up to R7000 a month including the caretaker's income.
Property Features:
- 8 rooms, providing ample accommodation for students
- 1 flatlet, offering additional space and flexibility (Currently used by the caretaker)
- 1 cottage with an ensuite bathroom.
- Strategically located near the University of Johannesburg, ensuring a steady stream of potential tenants
Investment Highlights:
- Strong rental income of R32,000 per month
- Prime location ensures high occupancy rates
This property presents an attractive investment opportunity for those looking to capitalise on the lucrative student accommodation market. With its excellent location and existing rental income, this property is poised for continued success.
