21 Bedroom House in Universitas

Massive Student Accommodation Income Opportunity Walking Distance to UOFS An exceptional high-yield student accommodation opportunity is available within walking distance 1.3 km of the University of the Free State. This property offers massive income potential, with estimated potential rental of R107 800 per month, making it an ideal investment for developers or student-housing investors. Situated on one erf are two separate houses, allowing for phased development and strong future returns.The main double-story house consists of 9 bedrooms, 3 bathrooms, a living room, a kitchen, and a scullery. While the structure is solid, the house requires renovation, presenting an excellent value-adding opportunity for the buyer. 3 Bachelor flats each with a bathroom and kitchenette. The second house is partially completed, with proposed plans for up to 13 bedrooms and a kitchen. Currently, 9 rooms have been completed, and the buyer will need to complete the remaining construction and finishes, offering substantial upside once finalized. Overall total of 25 rooms when second house is completed.Additional features include a 2,200-litre water tank, a Lapaentertainment area, and ample on-site parking. Located in a high-demand student node close to UOFS, this property is perfectly positioned for student accommodation or commune living. This is a rare opportunity to acquire a large-scale income-generating property with exceptional growth potential for the right investor. Show more Show less