NEW
Web Ref RL17565
R5,500,000
Monthly Bond Repayment R54,910.89
Calculated over 20 years at 10.5% with no deposit.
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Monthly Rates
R6,857
R6,857
12-Bedroom Student Accommodation Investment Opportunity in Glenwood:
Welcome to a fabulous investment opportunity in the heart of central Glenwood!
This well-maintained 12-bedroom, 13-bathroom property is currently fully tenanted, generating an impressive rental income of approximately R60,000–R70,000 per month. With strong income potential and a prime location, this property is an excellent opportunity for savvy investors.
The residence is neat, clean and ideally suited for student accommodation, while also offering the flexibility to be converted into an Airbnb, guest lodge, boutique hotel or other income-generating accommodation venture.
Key Features:
12 spacious bedrooms, all with en-suite bathrooms
13 bathrooms in total
Fully tenanted with rental income of R60,000–R70,000 per month
Fully tiled throughout for easy maintenance
Built-in cupboards in all bedrooms
Ample parking
Communal washing lines
Conveniently situated on major transport routes
Close to shopping centres, schools, hospitals and other amenities
Pre-pd elec in every bedroom
Additional Building:
A second building on the property provides excellent additional potential and currently includes:
Large communal lounge areas
Dining area
Fully fitted kitchen
Bar area
Additional storeroom
Pantry
Laundry room
Additional bathroom facilities
The second building can easily be converted into additional living or accommodation space, creating the potential to further increase the property's rental income.
Prime location + established rental income + excellent expansion potential = a fantastic investment opportunity.
Whether you're looking to expand your student accommodation portfolio or explore alternative accommodation options, this property offers versatility, income and long-term potential.
Don't miss out on this exceptional investment opportunity in Glenwood. Make the call today to arrange your private viewing!
This well-maintained 12-bedroom, 13-bathroom property is currently fully tenanted, generating an impressive rental income of approximately R60,000–R70,000 per month. With strong income potential and a prime location, this property is an excellent opportunity for savvy investors.
The residence is neat, clean and ideally suited for student accommodation, while also offering the flexibility to be converted into an Airbnb, guest lodge, boutique hotel or other income-generating accommodation venture.
Key Features:
12 spacious bedrooms, all with en-suite bathrooms
13 bathrooms in total
Fully tenanted with rental income of R60,000–R70,000 per month
Fully tiled throughout for easy maintenance
Built-in cupboards in all bedrooms
Ample parking
Communal washing lines
Conveniently situated on major transport routes
Close to shopping centres, schools, hospitals and other amenities
Pre-pd elec in every bedroom
Additional Building:
A second building on the property provides excellent additional potential and currently includes:
Large communal lounge areas
Dining area
Fully fitted kitchen
Bar area
Additional storeroom
Pantry
Laundry room
Additional bathroom facilities
The second building can easily be converted into additional living or accommodation space, creating the potential to further increase the property's rental income.
Prime location + established rental income + excellent expansion potential = a fantastic investment opportunity.
Whether you're looking to expand your student accommodation portfolio or explore alternative accommodation options, this property offers versatility, income and long-term potential.
Don't miss out on this exceptional investment opportunity in Glenwood. Make the call today to arrange your private viewing!
Features
Pets Allowed
No
Interior
Bedrooms
12
Bathrooms
13
Kitchen
1
Reception Rooms
2
Furnished
No
Exterior
Security
Yes
Parkings
2
Flatlet
1
Domestic Accomm.
1
Pool
No
Sizes
Floor Size
650m²
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