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R38,000,000 | 2,817m² Apartment Block For Sale in Ormonde View

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R38,000,000

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R5,858

Fully Let Student Accommodation for Sale – Ormonde View

Discover an exceptional investment opportunity with this fully let student accommodation, strategically located just 5km from the University of Johannesburg.

This secure and well-maintained property is ideal for investors looking for a stable income stream in the thriving student housing market.

The property is sold as a going concern with a well-managed team running the residence.

Property Features:

-Four Double-Storey Blocks: Designed for student living with optimal comfort and convenience.
-Accommodation for 148 Students: Including 80 single bedrooms and 68 sharing bedrooms, ensuring diverse living options.
-114 Rooms: Spacious and well-furnished to meet the needs of students.
-40 Bathrooms: Adequate facilities ensuring convenience and privacy for all residents.
-34 Kitchens: Fully equipped to cater to the cooking needs of the students.
-Laundry Room: On-site facilities providing hassle-free laundry services.
-Free WiFi & DSTV: High-speed internet access and entertainment options throughout the property.
-CCTV & Electric Fencing: Comprehensive security measures for peace of mind.
-Security Room: Dedicated space for on-site security personnel.
-65-Seater Shuttle Bus: Convenient transport service for students to and from the university.

This property offers a rare combination of an excellent location, robust security, and comprehensive amenities, making it a top choice for student accommodation. With a 100% occupancy rate and a dedicated management team, this is a lucrative investment opportunity in one of Johannesburg's prime educational hubs.

For more information or to schedule a viewing, please contact:

Features

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Zoning
Commercial
Title
Freehold
Exterior
Security
No
Sizes
Floor Size
2,817m²
Land Size
4,105m²
1
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