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New Park, New Park, Kimberley, Northern Cape
R 1 700 000
This well-positioned property offers a rare opportunity to develop a high-yield student accommodation setup within walking distance of the university. With multiple existing structures on one erf and a low-maintenance exterior, the potential to create several income-generating units is substantial. Main House Three bedrooms. Two bathrooms. Open-plan kitchen, dining, and TV room creating a functional communal living space. Walk-in pantry adjoining the dining area, with potential to convert into an additional bedroom with bathroom to increase rental capacity. Bachelor Flat Lapa with thatch roof currently utilised as a bachelor unit. Open-plan living and sleeping area. Built-in cupboard with basin. Separate bathroom. Wendy House Water and electricity connections already installed. Suitable for conversion into a single student unit. Outside Storeroom Adaptable structure with potential for conversion into accommodation. Former Hair Salon Building Small reception area. Work room. Kitchenette. Small bathroom. Two additional rooms. All areas suitable for conversion into multiple single-bedroom student units. This property provides a versatile layout with several separate structures that can be reconfigured to maximise rental income in a high-demand student area. Call our professional team today to arrange a viewing!
Estimated monthly repayment
R 16 054
on a R 1 530 000 bond over 20 years at 11.25%
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New Park, New Park, Kimberley, Northern Cape
Listed by
Lerato Nkosi
Unclaimed listing — claim it to verify
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