Versatile Investment Property with Main Residence and Student Accommodation

Ref # 2393959
R6,000,000
Property Details
3 Beds
3 Baths
5,500m²

This property consists of two sections: a main house and a student accommodation facility. It is located within walking distance of schools and the town centre, and is situated inside a secure complex.

Main House Includes:

Two living areas

Study

Three bedrooms, each with an en-suite bathroom and built-in cupboards

Kitchen with separate scullery

Separate laundry

Tiled floors throughout

Carport with space for up to four vehicles in tandem

Remote-controlled gate and palisade fencing around the house

Single-phase prepaid electricity and municipal prepaid water

Student Accommodation Features:

18 bedrooms, each designed for 4 students

Each room has built-in cupboards, a study area, and a private bathroom (shower, toilet, and basin)

Communal entertainment area

Shared dining/lounge area

Student kitchenette

Office space currently used as a tuckshop

Laundry room

Staff room with shared bathroom

CCTV surveillance throughout

10 geysers (servicing two rooms per geyser)

Two 10,000L water tanks

Outdoor space for student use

Capacity: 72 students; current occupancy approximately 50%

Monthly rent: R3,200 per student on a 12-month lease

Accommodation established 2.5 years ago; primarily serves students from nearby academies

This property offers the opportunity to combine residential living with rental income from student housing.

To arrange a viewing, please get in touch.

Property Features
Property Type
House
Bedrooms
3
Bathrooms
3
Covered Parking
4
Open Parking
20
Land Size
5,500m²
Living Area
2
Study
1
Costs and Terms
Rates & Taxes
±R700
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