Established Student Accommodation | Excellent Investment Opportunity
Located along the popular Botanic Gardens Road, this established student accommodation property offers an attractive investment opportunity, with existing student leases in place and strong rental income potential. The property is designed to accommodate up to 40 students, with current occupancy standing at 28 students. Sold fully furnished, it provides investors with an opportunity to take over an established accommodation setup with scope to increase occupancy and maximise rental returns.
Property Features:
- Accommodation capacity for up to 40 students, currently housing 28
- Existing student leases in place
- Sold fully furnished
- Additional external accommodation units to enhance rental income
- Separate rear entrance for convenient access
- Dedicated study room
- Two fully equipped kitchens
- Multiple showers and toilets suited to student accommodation
- Well-maintained property designed for student living
Investment Benefits:
- Established student accommodation business with existing rental income
- Potential to increase revenue by filling the remaining available spaces
- Sought-after location close to educational institutions and public transport
- Within walking distance of Durban University of Technology DUT
- An appealing opportunity for investors looking to enter or expand within the student accommodation market
With its established layout, existing tenants and potential for increased occupancy, this property presents an opportunity to generate rental income while capitalising on the consistent demand for student accommodation in the area.
CHRIS AND LISA PEARSON PROPERTIES PTY LTD trading as REMAX Address Berea operates in terms of a franchise agreement with REMAX of Southern Africa.