R 20 000 000 | business property for sale in musgrave

An outstanding income-generating residential block positioned in the sought-after suburb of Musgrave, offering a secure, scalable investment with strong returns and long-term growth potential. Land Size: 991 sqm Zoning: Residential The property comprises 11 sectional-title units and is NSFAS Grade A accredited, secured on a 3-year student accommodation contract for 70 students, delivering a projected income of approximately R329,000 p/month at R4,700 per student. Phase 2 includes two double-storey Penthouse units (shell condition), with capacity for an additional 27 students, presenting a further potential monthly return of approximately R360,000p/month once completed. Accommodation & Layout: 9 fully fitted 2-bedroom, 2-bathroom apartments Average size: ±90 sqm 3 units include private garden spaces of ±40 sqm 2 double-storey Penthouses 3 bedrooms, 2 bathrooms ±242 sqm each (shell condition) Total Accommodation: 24 bedrooms 11 bathrooms Building & Infrastructure: Lift access throughout the building Dedicated security control room Electric fencing 12 parking bays (including undercover parking) Prepaid electricity and water Key Investment Highlights: Sectional title scheme already established Flexible exit strategy: acquire as a single block or sell units individually High-demand student accommodation node. Strong monthly yield with future upside A rare opportunity to acquire a well-positioned, institutional-grade residential asset with immediate income and expansion potential, suitable for local and international investors alike. Call Tas Khan to secure your Viewing