Full Title

 Brilliant Location – 2km to TUT & TVET

Zoning: Special Residential with Office Rights

Building Age: ±65 years

Property Overview

• Units: 20 x Extra-Large Bachelor Flats (±50m² each)

• Bathrooms & Kitchens: Each unit fully self-contained

• Floors: 4 

Lift: Schindler (Operational)

• Electricity: Prepaid meters in each unit

• Parking: 7 undercover bays (R600/month each)

• Extras: 1 x Storeroom | 1 x Domestic Quarter

Erf Size: 910m² m

 GLA: ±1,000m²

 

Current Financials

Gross Income

R123,000

Average Expenses

R25,000

Cleaner

R5,400

Night Guard

R4,875

Insurance

R1,175

Municipal Account

R12,000

 R15,000 (winter)

Net Income (Approx.)

R85,000 – R95,000/month

Tenant Mix: 

Working professionals, government, and hospital staff.

Permanent Staff: 1 x Cleaner/Caretaker @ R5,000 per month

🎓 Student Accommodation Conversion Potential

Proposed Layout:

• 4 beds per flat × 20 units = ±80 student beds

• Room sizes: 8m² (single)

 14m² (shared)

Projected Student Income:

• 80 beds × R4,500 = R400,000 gross/month

• After ±50% expenses → ±R200,000 net/month

Conversion Cost Estimate:

R800,000 total (≈R10,000/student)

Includes furniture, appliances, laundry setup, and curtains

📍 Distance to Universities

• 700m – University of Pretoria (UP) & Medical Science Campus (Steve Biko)

• 2.0 km – TUT Arcadia Campus

• 2.0 km – TVET Main Campus

• 3.0 km – UNISA Campus

• 6.6 km – TUT Main Campus

💡 Summary

A solid full-title residential building in the heart of Arcadia, positioned within walking distance of major universities and colleges. Ideal for student accommodation conversion, offering strong rental yields and long-term growth potential.