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.