6 Bedroom House For Sale in Manor Gardens
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
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
Monthly Rates
R1,985
Features
Interior
Exterior
Sizes
Additional Amenities
Listing Info
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Siyanda Zungu
Qualified Property Practitioner
Manor Gardens, Durban
- Street map
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Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Chas Everitt website is accurate and up to date, Chas Everitt makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
