12-BEDROOM MULTI-LET PROPERTY WITH EXCELLENT RENTAL POTENTIAL

Description

STUDENT ACCOMMODATION AND INCOME-GENERATING INVESTMENT OPPORTUNITY Opportunities like this are becoming increasingly difficult to find. Situated on a fully walled 1,000m² stand in Nylstroom, Modimolle, this established multi-unit property offers investors the opportunity to generate income from multiple rental streams while capitalising on growing demand for affordable accommodation. Designed around a secure central courtyard, the property is ideally suited to student accommodation, workforce housing, long-term rentals, contractor accommodation or a combination thereof, allowing investors flexibility to adapt the property to changing market demands. The accommodation section comprises 8 rental rooms, several with en-suite bathroom facilities, while three units feature kitchenette areas, providing tenants with greater privacy and independence. In addition, the property includes a separate dwelling offering 4 bedrooms, 1 bathroom and a kitchen, creating further opportunities for rental income, owner occupation or on-site management accommodation. The layout allows for efficient tenant management with separate entrances, extensive paving, secure perimeter walls and ample on-site parking. Approximately 12 parking bays and 2 covered carports add further convenience for tenants and visitors. Student accommodation opportunities have already been explored at approximately R3,000 per room per month, highlighting the property's strong income-producing potential once restoration work has been completed. The property was affected by flooding resulting from municipal infrastructure challenges in the area. Municipal pipe replacement and drainage improvement works are currently underway. Cosmetic restoration and repainting remain necessary, presenting an excellent opportunity for investors to add value and enhance future rental returns. For the investor looking beyond the cosmetics, this property offers what truly matters: multiple income streams, strong accommodation demand and significant upside potential. PROPERTY FEATURES 1,000m² Full Title stand 12 Bedrooms in total 8 Dedicated rental rooms Multiple bathroom facilities 3 Kitchenette-equipped units Separate 4-bedroom dwelling Secure communal courtyard Fully walled property 2 Carports Approximately 12 parking bays Extensive paved areas Separate tenant entrances Student accommodation potential Multiple rental income opportunities Value-add investment opportunity IDEAL FOR *Student accommodation investors *Property investors seeking monthly cash flow * Workforce and contractor accommodation operators *Rental portfolio expansion *Entrepreneurs looking for multiple income streams Asking Price: R1 200 000 SPECIAL PROPERTY DISCLOSURE Prospective purchasers are advised that this property was affected by flooding associated with municipal infrastructure and drainage challenges in the area. Municipal remedial works are currently underway. The property is sold subject to the purchaser satisfying themselves regarding the extent of any repairs, maintenance, approvals and future intended use. CENTURY 21 DISCLAIMER Century 21 Bushveld and its representatives provide the information contained herein in good faith. While every reasonable effort has been made to ensure accuracy, all information, measurements, sizes, descriptions, photographs and property details are subject to verification by prospective purchasers and do not constitute any representation or warranty. Buyers are encouraged to conduct their own due diligence regarding zoning, municipal services, approvals, building plans, rental potential and intended use.

Features

Fence

Yes

Paveway

Yes