Property Description

This prime student accommodation property, ideally located near the university, features two fully tenanted houses on a single erf, delivering a combined monthly rental income of R65,000.

Minami House

10 individual rooms, each rented at R3,700

Total Monthly Rental Income: R37,000

Kita House

Room 1: R3,700

Room 2 (shared): 2 rooms at R2,700 each

Room 3: R3,700

Room 4: R3,600

Room 5 (shared): 2 rooms at R3,100 each

Room 6 (shared): 2 rooms at R3,100 each

Total Monthly Rental Income: R28,000

Total Combined Monthly Income: R65,000, with a planned rental increase in 2025. The property has also been used for holiday accommodation during the December/January period, ensuring consistent income throughout the year.

This property represents a strong investment opportunity with stable, year-round rental returns.