R 19 000 000 | apartment property for sale in queenstown central

This is a unique and lucrative investment opportunity perfectly suited for the student accommodation market. Located just 500 meters from Walter Sisulu University, Queenstown Campus, this fully compliant property is currently home to 82 students, with a stable monthly turnover of R 276,000. The property has a Memorandum of Agreement (MOA) with Walter Sisulu University, which is renewable annually, ensuring continued demand and occupancy. Key Features: Accommodation: 41 rooms, each with Built-in Cupboards (BIC), offering comfortable living spaces for students. Kitchens: Each room features a kitchenette equipped with BIC, back-up gas stoves, and a gas cylinder for reliable cooking facilities. Bathrooms: Well-appointed bathrooms with toilet, shower, and sink. Comprehensive On-Site Amenities: The property includes a variety of facilities designed to support student life: Laundry facilities Study room for focused academic work Secure parking for residents Generator and two water tanks for uninterrupted services Digital Satellite Television and Wi-Fi for convenience and connectivity Security Features: Secure, gated entrance with a palisade fence High walls around the property for privacy and safety Security cameras monitoring the premises On-site security guard stationed at the front entrance security desk Building: A double-storey structure ensuring maximum use of space. This property not only meets all the requirements for student accommodation compliance but also offers an excellent opportunity for steady rental income in a high-demand area. Location: Situated just 500 meters from Walter Sisulu University, Queenstown Campus, it is ideally located to cater to the university’s student population. Don’t miss out on this excellent turn-key investment – ready to generate returns from day one!