7 Bedroom House for sale in Universitas

Spacious 7-bedroom property is ideally situated in Universitas, conveniently close to the university and other amenities. The property is currently being utilized as a student accommodation and offers excellent income generating potential. The main house consists of 7 bedrooms, 2 bathrooms, a spacious living area and a large kitchen with a separate scullery area. The property currently accommodates 6 permanent students, each paying approximately R3600 per month. The accommodation can accommodate up to 12 students, with three of the bedrooms suitable for double occupancy. The property has two separate flats apart from the main house. At the rear of the property are two fully equipped granny flats, each offering a sleeping/living area, small kitchen, bathroom, shower and toilet. Covered parking for 5 vehicles. The property is fully enclosed with electric fencing/security fencing with a devil's fork system at the front. The property is not currently accredited as student accommodation, but it is presently occupied by students who pay privately, rather than through university-funded accommodation or loans. With the current layout, additional development potential and the property's excellent location, the property has the potential to generate an income of approximately R45000 per month, depending on occupancy and future improvements. The property can do with renovation and general maintenance, making this an excellent opportunity for an investor or buyer looking to add value and unlock the property's full income potential in an excellent area full of high sought student accommodation. An opportunity not to be missed for any investor looking for a student accommodation property.