This fully operational student residence offers a rare opportunity to invest in a high-yield property ideally located just 500m from Walter Sisulu University Queenstown Campus.
The property is currently fully tenanted, accommodating 82 students and generating a stable monthly income of approximately R276,000. A renewable Memorandum of Agreement MOA with Walter Sisulu University ensures consistent occupancy and long-term sustainability.
The double-storey building comprises 41 well-maintained rooms, each fitted with built-in cupboards and a private kitchenette, including a gas stove and cylinder for uninterrupted use.
Additional facilities include communal bathrooms toilet, shower, and basin, a study room, laundry area, and secure parking. The property is equipped with Wi-Fi and DSTV, enhancing student comfort and convenience.
To ensure uninterrupted services, the property includes a generator and two water tanks.
Security is a key feature, with palisade fencing, high perimeter walls, controlled access, CCTV surveillance, and an on-site security guard.
This property is compliant with student accommodation requirements and is perfectly positioned in a high-demand rental area.
Property Features:
41 Bedrooms
82 Student Capacity
41 Kitchenettes with gas stoves & cylinders
Bathrooms toilet, shower, basin
Study Room
Laundry Facilities
Wi-Fi & DSTV
Secure Parking
Generator
2 Water Tanks
Security:
Gated access
Palisade fencing & perimeter walls
CCTV cameras
On-site security guard
Rates & Income
Monthly Income: R276,000
Tenancy: Fully Occupied
Agreement: MOA with Walter Sisulu University and NSFAS renewable every three years
Location:
500m from Walter Sisulu University
Excellent turn-key investment with immediate returns. Financials available on request. Call us now to schedule viewing.