USD 1,790,000
Commercial Property for Sale in Borrowdale
Harare North, Harare LZ005
Last Updated:07 Aug 2023
Guaranteed Income ! Student Residence In SA
Exciting investment opportunity Great cash flow, secure income!Student accommodation
Annual turnover: R5. 2 million
Capacity: 119 student beds
Location: Vanderbijlpark, Gauteng.
2 feeder universities: Vaal University of Technology and North West University
Walking distance of 500 meters from Vaal University of Technology
Consistent 100% occupancy
This incredible property offers a rare and exciting opportunity for investors seeking secure and high cashflow investment assets. With 119 student beds in a clean, safe, and secure architect-designed stunning residence, this an opportunity not to be missed. Located just 60km outside Johannesburg, within walking distance of two major universities with a combined [number removed] student population, the residence has enjoyed consistent 100% occupancy rates for the past 5 years.
This highly popular residence enjoys long waiting lists amongst students seeking high-quality accommodation with high-speed wifi, 24-hour security and CCTV, DSTV, solar backup and gas cooking facilities, and a borehole water supply. Healthy student-led social activities with netball club, boot camps, chess, football club, running club, and faith support group, the residence is incredibly vibrant and very popular.
The residence is deliberately designed into 20 apartments accommodating a maximum of 6 students each in single and double sharing bedrooms, thus providing great commune living environments as opposed to hostel living, a concept that proved most popular.
Each apartment has 4 bedrooms 2 single of 9 sqm size and 2 double sharing 15 sqm each, 2 bathrooms with showers only, and kitchen dining area most popular for bonding and board games.
Fully accredited by both universities, the residence benefits from direct payments from the universities and other private bursaries. Located in Gauteng, South Africa, a country boasting of robust banking and investment frameworks, this represents a vehicle with good capital growth and great year-to-year cash flow yields. It is ideal for discerning investors seeking to have a consolidated high-performance portfolio in South Africa as an alternative to numerous individual residential property investments thus streamlining operational costs and efficiencies.
With management contract options available for full peace of mind investment. This is a rare opportunity not to be missed!
Contact The team
[number removed][number removed]845
General Features
1 Boreholes
3 Storeys
CCTV
Internet Connection
Municipal Water
Payment Terms
Reliable Zesa
Solar System
External Features
10 Carports
Electric Fence
Electric Gate
Landscaped Garden
Security Boom
Security Lighting
Walled/Fenced
Internal Features
90 Offices/Studies
Alarm System
Tiled
Wooden Floor
Private Owner
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USD 1,790,000
LZ005Commercial Property for Sale in Borrowdale
Harare North, Harare
Last Updated: 07 Aug 2023
Guaranteed Income ! Student Residence In SA
Exciting investment opportunity Great cash flow, secure income!
Student accommodation
Annual turnover: R5. 2 million
Capacity: 119 student beds
Location: Vanderbijlpark, Gauteng.
2 feeder universities: Vaal University of Technology and North West University
Walking distance of 500 meters from Vaal University of Technology
Consistent 100% occupancy
This incredible property offers a rare and exciting opportunity for investors seeking secure and high cashflow investment assets. With 119 student beds in a clean, safe, and secure architect-designed stunning residence, this an opportunity not to be missed. Located just 60km outside Johannesburg, within walking distance of two major universities with a combined [number removed] student population, the residence has enjoyed consistent 100% occupancy rates for the past 5 years.
This highly popular residence enjoys long waiting lists amongst students seeking high-quality accommodation with high-speed wifi, 24-hour security and CCTV, DSTV, solar backup and gas cooking facilities, and a borehole water supply. Healthy student-led social activities with netball club, boot camps, chess, football club, running club, and faith support group, the residence is incredibly vibrant and very popular.
The residence is deliberately designed into 20 apartments accommodating a maximum of 6 students each in single and double sharing bedrooms, thus providing great commune living environments as opposed to hostel living, a concept that proved most popular.
Each apartment has 4 bedrooms 2 single of 9 sqm size and 2 double sharing 15 sqm each, 2 bathrooms with showers only, and kitchen dining area most popular for bonding and board games.
Fully accredited by both universities, the residence benefits from direct payments from the universities and other private bursaries. Located in Gauteng, South Africa, a country boasting of robust banking and investment frameworks, this represents a vehicle with good capital growth and great year-to-year cash flow yields. It is ideal for discerning investors seeking to have a consolidated high-performance portfolio in South Africa as an alternative to numerous individual residential property investments thus streamlining operational costs and efficiencies.
With management contract options available for full peace of mind investment. This is a rare opportunity not to be missed!
Contact The team
[number removed][number removed]845
General Features
1 Boreholes
3 Storeys
CCTV
Internet Connection
Municipal Water
Payment Terms
Reliable Zesa
Solar System
Floor Size: 1981m2
External Features
10 Carports
Electric Fence
Electric Gate
Landscaped Garden
Security Boom
Security Lighting
Walled/Fenced
Internal Features
90 Offices/Studies
Alarm System
Tiled
Wooden Floor
