R6,950,000 | 35 Bachelor Apartments | Fully Occupied | Student Accommodation Upside

A rare opportunity for investors seeking an established, income-producing property with substantial future potential.

Positioned in Pretoria Central on the Arcadia border, this full-title investment comprises 35 self-contained bachelor apartments, each with its own kitchenette and bathroom.

The property is currently fully occupied, providing an established rental income stream from working tenants, while its strategic location creates an attractive opportunity to explore student accommodation as an alternative or future income strategy. (Zoning: General Business) ( B-Grade).

WHY THIS PROPERTY DESERVES INVESTOR ATTENTION

•⁠ ⁠35 income-generating apartments

•⁠ ⁠Approximately 800m² net lettable area

•⁠ ⁠528m² erf

•⁠ ⁠Approximately R1.04 million current gross annual income

•⁠ ⁠Approximately R670,000 current net annual income

•⁠ ⁠Fully occupied with additional tenant demand

•⁠ ⁠5 secure parking bays

•⁠ ⁠Prepaid electricity meters

•⁠ ⁠Water recovery from tenants

•⁠ ⁠Face-brick construction = relatively low maintenance

•⁠ ⁠Live-in caretaker

•⁠ ⁠Secure gated access

•⁠ ⁠Fibre connectivity

•⁠ ⁠3 residential floors

THE LOCATION = THE OPPORTUNITY

The property is strategically positioned close to major educational, medical, transport, and commercial nodes, including TUT, the University of Pretoria, TVET institutions, and Steve Biko Academic Hospital.

It is also conveniently located near public transport, shopping facilities and other essential amenities.

INVESTMENT UPSIDE

The current residential rental model provides an existing income base.

For an investor looking to reposition the asset, the property also presents student accommodation potential, subject to the necessary approvals, accreditation and municipal requirements.

The current listing indicates that the building could accommodate approximately 100 student beds subject to c

Apartment Block for sale in Pretoria Central, Pretoria, 900 m²