Property description

This is a once in a lifetime investment opportunity to capitalise on an established building that is ready and able to cater for student accommodation. With its close proximity to the University of Johannesburg's Doornfontein campus (750m distance) and the UJ Bunting Campus (5km), the property presents endless perks for the prospective buyer/s. Located in New Doornfontein, the building is a stones throw away from the Maboneng Precinct with its numerous array of amenities, opportunities and entertainment options. The building has been set up accommodate UJ Students based on the off campus accommodation regulations - DHET Minimum Norms and Standards. There are also a number of tertiary education institutions and colleges close by. The building comprises 3 unit types: 1 Bedroom, 2 Bedroom and 4 Bedroom Units. The units all have their own bathrooms and kitchenettes. A grand total of up to 450 beds can fit into this accommodation, with a total of 131 lettable units. This in itself is an irresistable opportunity for any prospective investor. The building features are listed below:

Features:

A 7 Storey Building with a Roof Terrace and Views of the JHB CBD

Total of 8000 Under Roof Square Meters

32 x 1 Bedroom Units

92 x 2 Bedroom Units

7 x 4 Bedroom Units:  

Underground Parking

This 7 storey building, has a roof terrace with a breath taking view of the Joburg CBD skyline, giving students a spectacular recreational experience, place for them to take it easy and relax. The terrace presents an array of opportunities for the prospective owner/s of the building to create more value and general amenity provisions. There is also an entertainment hall on the first floor of the building which could be used as an internet cafe with various support systems for the students to use. Whether it be students, workers in the CBD or young professionals, the opportunities in this building are endless! We'd be more than happy to help you boost your portfolio with this special offer of an investment. Enquire for more details and to set up a private viewing of the building.