108 Bedroom Apartment Block For Sale in Wentworth

Description

An exceptional investment opportunity awaits at 40 Brighton Road, Wentworth on the Bluff This well established student accommodation property offers a total capacity of 108 beds, thoughtfully spread across three separate buildings, each designed to comfortably house students in a secure and functional environment All units are self contained, featuring private bathrooms and kitchenettes, ensuring convenience and independence for tenants The property further enhances student living with dedicated communal amenities, including a study room and lounge area, while full WiFi connectivity throughout meets modern student expectations The property is well maintained and professionally managed, with a live in Residential Advisor/ student manager, and on site security providing peace of mind and smooth day to day operations A standout feature is the secure lease agreement with the University of Durban University of Technology (DUT), currently in its last year of a 3 year term Encouragingly, discussions indicate a strong likelihood of renewal, potentially extending the lease to another 3 years or more, with improved rental terms making this a highly attractive, income generating asset Detailed lease information, as well as income and expense statements, are available upon request A rare opportunity to secure a high yield, institution backed investment in a sought after student hub A vacant land next door measuring 1 524sqm is on sale (R1050 000), opening up more opportunities to develop and expand your investment portfolio

Features

Laundry

Yes

Aluminium Window

Yes

Above Road

Yes