Web Ref PC109
R42,000,000
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Monthly Rates
R97,000
R97,000
Fully let, student building with 264 students in 102 flats. Finance available.
Fully let out as from 20/02/2025
Of all the student buildings that I am, or was involved with, this one stands out.
We can assist with financing, but you will have to provide security in the form of assets or capital to the amount of R 6 000 000.00. In the scenario where you do have a deposit, it will not be necessary for collateral.
The 2025 tariffs will be R 4 500.00 per student per month.
The building was valuated for R 44 500 000.00 and R 50 000 000.00 in 2024
The owner added the following value to the property:
She had a solar system of 50kva installed that provides electricity to the 6 buildings during loadshedding.
She had a borehole drilled and activated, with backup reservoirs of 50 000 L
On top of making provision for 264 students, she had plans drawn-up and approved, to provide accommodation for a further 150 students.
All 132 rooms have ensuite bathrooms and a sperate kitchen.
The total floor squares is 5180 sqm on a stand of 7583 sqm.
Since her husband is a well-known developer, running a leading construction company, improvements and maintenance are of a high standard.
This building, at full capacity, provides accommodation for 264 students.
The building is accredited with North-West University and VUT (Vaal University of Technology)
North-West University is walking distance from this building which means a substantial saving in transport costs.
The valuation on the property, will be provided to qualified clients.
Please only buyers that will have the collateral, and experience with student accommodation, to enquire on this building
Of all the student buildings that I am, or was involved with, this one stands out.
We can assist with financing, but you will have to provide security in the form of assets or capital to the amount of R 6 000 000.00. In the scenario where you do have a deposit, it will not be necessary for collateral.
The 2025 tariffs will be R 4 500.00 per student per month.
The building was valuated for R 44 500 000.00 and R 50 000 000.00 in 2024
The owner added the following value to the property:
She had a solar system of 50kva installed that provides electricity to the 6 buildings during loadshedding.
She had a borehole drilled and activated, with backup reservoirs of 50 000 L
On top of making provision for 264 students, she had plans drawn-up and approved, to provide accommodation for a further 150 students.
All 132 rooms have ensuite bathrooms and a sperate kitchen.
The total floor squares is 5180 sqm on a stand of 7583 sqm.
Since her husband is a well-known developer, running a leading construction company, improvements and maintenance are of a high standard.
This building, at full capacity, provides accommodation for 264 students.
The building is accredited with North-West University and VUT (Vaal University of Technology)
North-West University is walking distance from this building which means a substantial saving in transport costs.
The valuation on the property, will be provided to qualified clients.
Please only buyers that will have the collateral, and experience with student accommodation, to enquire on this building
Features
Zoning
Mixed Use
Title
Sectional
Exterior
Security
Yes
Sizes
Floor Size
5,180m²
Land Size
7,593m²
Extras
24 Hour Access; 24 Hour Response; Accommodation; Backup Water; Electric Fencing; Anthracite; Laundry; Multi Storey; Alarm System; Shower, Toilet and Basin; Student Accommodation; Visitors Parking; Solar Panels; Water Tank; Borehole; Backup Battery/Inverter
