6 Bedroom House For Sale in Manor Gardens

Description

Prime Investment Opportunity: NSFAS Accredited Student Hub in Westridge Location: 26 Malcolm Road, Westridge Price: R 1550 000 Presenting a high-yield investment opportunity in the heart of Westridge. This 1,008 sqm property is a proven "Ultimate Income Generator," currently producing a gross monthly income of R48,900. Fully optimized for student housing, the property boasts a Level 3 NSFAS Grade, ensuring it meets all departmental standards for safety, quality, and student comfort. Key Features: • Current Configuration: 7+ spacious bedrooms and 3+ modern shower facilities. • Flexible Usage: Ideal for continued student accommodation or conversion back to a large family residence. • Development Potential: The expansive 1,008 sqm lot provides ample "dead space" for the construction of additional blocks or outbuildings, significantly increasing the potential ROI. • Strategic Positioning: Situated on a quiet, sought-after road with easy access to transport routes and tertiary institutions. This is a rare opportunity to acquire a "turnkey" business with a stable, high-performing tenant base already in place. CONTACT ME TO BOOK YOUR EXCLUSIVE VIEWING

Features

Balcony

Yes

Deck

Yes

Built in Wardrobes

Yes

TV

Yes

Fence

Yes

Security Gate

Yes

Alarm System

Yes

Cottage

Yes

Entrance Hall

Yes

Paving

Yes

Garden

Yes

Family Tv Room

Yes