41 Bedroom House for sale in Queenstown Central

This fully operational student residence offers a rare opportunity to invest in a high-yield property ideally located just 500m from Walter Sisulu University (Queenstown Campus). The property is currently fully tenanted, accommodating 82 students and generating a stable monthly income of approximately R276,000. A renewable Memorandum of Agreement (MOA) with Walter Sisulu University ensures consistent occupancy and long-term sustainability. The double-storey building comprises 41 well-maintained rooms, each fitted with built-in cupboards and a private kitchenette, including a gas stove and cylinder for uninterrupted use. Additional facilities include communal bathrooms (toilet, shower, and basin), a study room, laundry area, and secure parking. The property is equipped with Wi-Fi and DSTV, enhancing student comfort and convenience. To ensure uninterrupted services, the property includes a generator and two water tanks. Security is a key feature, with palisade fencing, high perimeter walls, controlled access, CCTV surveillance, and an on-site security guard. This property is compliant with student accommodation requirements and is perfectly positioned in a high-demand rental area. Property Features: 41 Bedrooms 82 Student Capacity 41 Kitchenettes (with gas stoves & cylinders) Bathrooms (toilet, shower, basin) Study Room Laundry Facilities Wi-Fi & DSTV Secure Parking Generator 2 Water Tanks Security: Gated access Palisade fencing & perimeter walls CCTV cameras On-site security guard Rates & Income Monthly Income: ± R276,000 Tenancy: Fully Occupied Agreement: MOA with Walter Sisulu University and NSFAS (renewable every three years) Location: ±500m from Walter Sisulu University Excellent turn-key investment with immediate returns. Financials available on request. Call us now to schedule viewing.