R6,950,000 | 35 Bachelor Apartments | Fully Occupied | Student Accommodation Upside

A rare opportunity for investors seeking an established, income-producing property with substantial future potential.

Positioned in Pretoria Central on the Arcadia border, this full-title investment comprises 35 self-contained bachelor apartments, each with its own kitchenette and bathroom.

The property is currently fully occupied, providing an established rental income stream from working tenants. At the same time, its strategic location creates an attractive opportunity to explore student accommodation as an alternative or future income strategy. (Zoning: General Business) ( B-Grade).

WHY THIS PROPERTY DESERVES INVESTOR ATTENTION

35 income-generating apartments  Currently hosting 68 people.
Approximately 800m² net lettable area 
528m² erf 
Approximately R1.04 million current gross annual income 
Approximately R670,000 current net annual income 
Fully occupied with additional tenant demand 
5 secure parking bays 
Prepaid electricity meters 
Water recovery from tenants 
Face-brick construction = relatively low maintenance 
Live-in caretaker 
Secure gated access 
Fibre connectivity 
3 residential floors 

THE LOCATION = THE OPPORTUNITY

 The property is strategically positioned close to major educational, medical, transport, and commercial nodes, including TUT, the University of Pretoria, TVET institutions, and Steve Biko Academic Hospital.

It is also conveniently located near public transport, shopping facilities and other essential amenities.

INVESTMENT UPSIDE

The current residential rental model provides an existing income base.

For an investor looking to reposition the asset, the property also presents student accommodation potential, subject to the necessary approvals, accreditation and municipal requirements.

 The current listing indicates that the building could accommodate approximately 100 student beds subject to could accommodate approx. 100 students beds subject to conversion. Creating a potential significant income model. 

PROPERTY & ZONING

The building was converted from office use to residential in 2018 and is currently zoned General Business, with an application for General Residential noted in the listing.

The property is held in a company, however, the company itself is not being sold. Transfer duty is payable.

THE INVESTOR TAKEAWAY

This isn’t simply a 35-bedroom property.

It is an income-producing multi-unit asset with an existing tenant base, proven rental demand and multiple potential strategies for future value creation.

Whether your strategy is:

Hold & collect income

Optimise existing rentals

Reposition for student accommodation

Add value through refurbishment

Build a larger property portfolio

This opportunity warrants serious consideration.

ASKING PRICE: R6,950,000

Income and expense information available to qualified purchasers during due diligence.

Pretoria Central | Arcadia Border

Serious investors are invited to enquire for further information, financials and a private viewing.

All information is subject to verification and purchaser due diligence. Student accommodation conversion, zoning and accreditation are subject to the relevant approvals.