An established income-producing student accommodation opportunity strategically positioned in Colbyn, one of Pretoriaโs sought-after residential areas for student living. This well-located asset offers investors the opportunity to acquire an operational accommodation property within close proximity to the University of Pretoria, Hatfield Gautrain Station and major transport routes, placing it firmly within an established student rental node.
The property provides multiple rental streams from a single asset. With an established student tenant market, strong accessibility, ample secure parking and proximity to key educational and lifestyle amenities, the property offers immediate income-generating potential with scope to further optimise occupancy and returns.
Property Features:
Land size: ยฑ 1119mยฒ
Improvements: ยฑ 508mยฒ
Gross Annual Income: R640 000
11 Bedrooms
9 Bathrooms
3 Separate Accommodation Sections:
Main house: 5 occupants
2 Additional units: 3 occupants each
Majority of bedrooms are en-suite
3 Bedrooms share 2 bathrooms
Multiple living and communal areas
Communal braai area and patio
11 Covered parking bays
Additional open parking
Established student accommodation operation
Current occupancy of approximately 80%
Proven potential to achieve 100% occupancy
Potential for business-rights zoning, subject to municipal approval
Approximately 3 km from the University of Pretoria
Approximately 2.8 km from Hatfield Gautrain Station
Approximately 1.5 km from the N1 highway
