EXCELLENT INVESTMENT OPPORTUNITY – FULLY OCCUPIED STUDENT ACCOMMODATION IN COLBYN
Situated at Colbyn, this well-positioned accommodation property presents an excellent investment opportunity for investors seeking an established rental income in a popular student and young professional area.
Ideally located approximately 15 minutes’ walk from the University of Pretoria’s Hatfield Campus, the property offers 20 furnished rooms, each featuring a private en-suite bathroom. The accommodation is designed to cater to students and young working professionals seeking convenient and secure living arrangements.
PROPERTY FEATURES:
- 20 furnished rooms, all with private en-suite bathrooms
- 15 rooms with their own kitchenettes
- 5 rooms sharing two communal kitchens
- Each room furnished with a bed, desk, fridge and microwave
- Communal washing machines
- Prepaid electricity in every room
- Wi-Fi available
- Individual panic buttons for every tenant
- Situated within a secure boomed-off area
- 6 covered parking bays
- 4 open parking bays
INVESTMENT FIGURES:
- Current occupancy: 100%
- Current monthly rental income: R70,000
- Current monthly expenses: R11,700
The property is not NSFAS-registered.
An additional advantage is that the property is the sole asset of the owning company, making a share sale a potential option, subject to due diligence and the necessary legal and tax considerations.
With its convenient location, furnished accommodation, security features and established rental income, this property is an excellent opportunity for investors looking to enter or expand their portfolio in the student accommodation market.
Ideally located approximately 15 minutes’ walk from the University of Pretoria’s Hatfield Campus, the property offers 20 furnished rooms, each featuring a private en-suite bathroom. The accommodation is designed to cater to students and young working professionals seeking convenient and secure living arrangements.
PROPERTY FEATURES:
- 20 furnished rooms, all with private en-suite bathrooms
- 15 rooms with their own kitchenettes
- 5 rooms sharing two communal kitchens
- Each room furnished with a bed, desk, fridge and microwave
- Communal washing machines
- Prepaid electricity in every room
- Wi-Fi available
- Individual panic buttons for every tenant
- Situated within a secure boomed-off area
- 6 covered parking bays
- 4 open parking bays
INVESTMENT FIGURES:
- Current occupancy: 100%
- Current monthly rental income: R70,000
- Current monthly expenses: R11,700
The property is not NSFAS-registered.
An additional advantage is that the property is the sole asset of the owning company, making a share sale a potential option, subject to due diligence and the necessary legal and tax considerations.
With its convenient location, furnished accommodation, security features and established rental income, this property is an excellent opportunity for investors looking to enter or expand their portfolio in the student accommodation market.
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Finance
Total Amount Repayable
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Disclaimer
While every effort will be made to ensure that the information contained within the Dormehl Phalane Property Group website is accurate and up to date, Dormehl Phalane Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
