High-Income Residential Investment with Student Accommodation Upside

Presenting an exceptional investment opportunity in the sought-after suburb of Southernwood, this well-maintained apartment complex generates an approximate gross rental income of R245,000 per month with a net income of approximately R160,000 per month.

The property offers significant upside potential, with the opportunity to substantially increase returns through conversion to student accommodation, ideally suited to the area’s strong and consistent demand.

Property Overview:
Two separate buildings
Approximately 80 single and double bedrooms
5 bachelor flats
Bachelor flats comprise:
2 bedrooms
Kitchen
Bathroom
18 showers and 17 toilets servicing the complex
Additional Features:
On-site caretaker’s apartment including:
2 bedrooms
Kitchen
Lounge
Bathroom
In-house spa facility
10 on-site parking bays
Well-maintained and professionally managed property
Neat, clean, and secure environment
Investment Highlights:
Strong existing income stream
Low vacancy rates
Prime location within a high-demand rental and student accommodation node
Excellent long-term growth and redevelopment potential
Ideal value-add opportunity for student housing investors

This is a rare opportunity to acquire a high-density residential asset with proven performance and exceptional future earning potential.