Student Res Accommodation for Sale

This double storey house is situated in Auckland Park, just minutes away from the University of Johannesburg and located just behind Campus Square shopping centre making this house ideal for Student res accommodation.

Property Improvements

• 9 x Bedrooms
• Cupboard space in each bedroom
• 2 x Bathrooms
• Kitchen
• Swimming pool
• 2 x cottages each with own bathroom
• 7 x Parking Bays
• Electric Fencing

Rental Income

There are currently 4 of the Bedrooms being rented out to university students as well as the 2 cottages. No marketing has been done this year to attract more students to rent and the opportunity is there for the new owner to maximize on additional rental income.

Rooms are rented out at an average of R2,300/room/month

- 11 rooms @ R2,300 = R25,300/month gross rental

- lights and water usage is included in the rental

Expenses

Water & lights; Levies; Rates and Taxes = R3,000-R3,500/month

The property is registered in a (PTY) ltd and operates as a business entity

Nearby Ammenities

• University of Johannesburg
• Campus Square shopping centre 
• Mellville
• Millpark Hospital