R150,000 pm | 44 Bedroom Freestanding To Let in Durban Central

STUDENT ACCOMMODATION – RENT-TO-BUY OPPORTUNITY

Nestled in the heart of the student accommodation hub on Diakonia Avenue, this property offers an exciting rent-to-buy opportunity for prospective tenants.
With a prime location tailored to meet the needs of students, the property is ideal for those looking to invest in or manage student housing. Renovations will need to be completed by the tenant, with the landlord open to discussions on a rental reduction to assist in recovering renovation expenses.
This is a rare chance to secure a property in a high-demand area, providing flexibility for customization while ensuring long-term investment potential.

Key Features:

NSFAS Accredited: Approved by the National Student Financial Aid Scheme (NSFAS) to
house 120 students, with additional ground floor space available for
conversion to accommodate 10 more students.

Projected Income: EXCELLENT ROI. To be discussed upon viewing

Building Structure: This 2-story building includes 6 units attached at the rear, the building
has accessible from two different roads.

Accommodation Details:
- 44 rooms, each with an en-suite bathroom
- 49 toilets and bathrooms
- 8 kitchens
- A conference room that can be converted into a study area
- A large recreational room for student activities

Transportation: A bus service will be provided.

Amenities: Centrally located, providing easy access to all essential amenities, shopping
Centres, Supermarkets, Beaches, Hospitals, Major exists and so much more.

Excellent projected holiday lettings for the festive season. To be discussed upon viewing.

EXTRA INFORMATION:

Please Note: The property currently has an active up to date liquor license, but the
new owner will be restricted from utilizing it under the existing student
accommodation arrangements. The liquor license can only be utilised
if the property undergoes a transition to different forms of occupancy.
As a hotel, Airbnb, daily living, or general residential accommodation.
This change would enable the new owner to leverage the liquor
licence and expand their business operations in these alternate
accommodation models. Contact us today for more information or to
schedule a viewing!