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16 Grey Street, Queenstown Central, Queenstown, Eastern Cape
R 2 271 900
This exceptional property offers a lucrative and dependable investment opportunity within the thriving student accommodation sector. Situated just 500m from Walter Sisulu University’s Queenstown Campus, it currently houses 82 students and delivers a consistent monthly income. The property also benefits from an annually renewable Memorandum of Agreement (MOA) with the university, securing ongoing demand and long-term occupancy. Key Property Advantages Student Accommodation: The residence features 41 spacious rooms, each designed for comfort and practicality. Every room is fitted with built-in cupboards as well as its own kitchenette. Kitchen Setup: To ensure reliable cooking facilities at all times, each kitchenette includes BIC, a backup gas stove, and a gas cylinder. Bathrooms: Neat and modern bathroom facilities are equipped with a shower, basin, and toilet. On-Site Amenities: The property is fully equipped to support student living, offering: Laundry area Dedicated study room Secure parking Generator and two water tanks for uninterrupted utilities Wi-Fi and Digital Satellite Television for connectivity and entertainment Security Measures: Safety is prioritised with: A secure, gated entrance High perimeter walls and palisade fencing CCTV cameras An on-site security guard stationed at the entrance desk Building Layout: The double-storey design enhances space efficiency and offers a well-organized living environment. DENMOL ESTATES AGENTS CC trading as RE/MAX Property Professionals (Queenstown) operates in terms of a franchise agreement with RE/MAX of Southern Africa.
Estimated monthly repayment
R 21 454
on a R 2 044 710 bond over 20 years at 11.25%
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16 Grey Street, Queenstown Central, Queenstown, Eastern Cape
Area view — the exact address is shared on enquiry.
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