Apartment / flat for sale in Southernwood

Presenting an exceptional investment opportunity in the sought-after suburb of Southernwood, this well-maintained apartment complex generates an approximate gross rental income of R245,000 per month with a net income of approximately R160,000 per month. The property offers significant upside potential, with the opportunity to substantially increase returns through conversion to student accommodation, ideally suited to the area’s strong and consistent demand. Property Overview: Two separate buildings Approximately 80 single and double bedrooms 5 bachelor flats Bachelor flats comprise: 2 bedrooms Kitchen Bathroom 18 showers and 17 toilets servicing the complex Additional Features: On-site caretaker’s apartment including: 2 bedrooms Kitchen Lounge Bathroom In-house spa facility 10 on-site parking bays Well-maintained and professionally managed property Neat, clean, and secure environment Investment Highlights: Strong existing income stream Low vacancy rates Prime location within a high-demand rental and student accommodation node Excellent long-term growth and redevelopment potential Ideal value-add opportunity for student housing investors This is a rare opportunity to acquire a high-density residential asset with proven performance and exceptional future earning potential.