NSFAS-Approved Student Accommodation Opportunity
This NSFAS-approved student accommodation property presents an excellent value-add opportunity for an investor or operator. The property is currently not occupied by students and requires some attention and refurbishment. There are a number of existing tenants in occupation, with several vacant rooms already available and ready to accommodate students.
The property is already listed on the NSFAS portal and is correctly zoned for student accommodation and guest house use.
Ideally positioned on the East London beachfront, the property enjoys breathtaking sea views and offers the potential to become an iconic student residence or private accommodation facility.
NSFAS Grade B Income Potential
50 Beds
Total Potential Income: R226,000 per month
Property Features:
Triple-storey building
25 rooms
10 bathrooms
3 large kitchens
4 communal lounges
Conference room
Outside lapa and communal entertainment area
Most rooms have either private bathroom facilities or access to shared bathrooms, providing flexibility for a range of accommodation options.
Please note that the selling price is exclusive of VAT.
The property is already listed on the NSFAS portal and is correctly zoned for student accommodation and guest house use.
Ideally positioned on the East London beachfront, the property enjoys breathtaking sea views and offers the potential to become an iconic student residence or private accommodation facility.
NSFAS Grade B Income Potential
50 Beds
Total Potential Income: R226,000 per month
Property Features:
Triple-storey building
25 rooms
10 bathrooms
3 large kitchens
4 communal lounges
Conference room
Outside lapa and communal entertainment area
Most rooms have either private bathroom facilities or access to shared bathrooms, providing flexibility for a range of accommodation options.
Please note that the selling price is exclusive of VAT.
Features
Zoning
Sizes
Listing Info
Quigney, East London
- Street map
- Street view
- Amenities
- Schools
Filling Station
0.44 km - BP Motorhaven
0.48 km - Whytes Auto
1.36 km - Engen Settlers Way
Bus Station
0.69 km - Greyhound
0.69 km - Intercape
0.70 km - Translux
Hospital/Clinic
1.55 km - Life East London Private Hospital
2.08 km - Bolton & Associates
2.21 km - Dr Steyn Crowther
Police Station
0.77 km - South African Police Service Modder River Police Station
0.80 km - Railway Police - East London Station
1.12 km - South African Police Service - East London CCU
Shopping Centre
0.44 km - Lock Street Gaol Shopping Centre
0.47 km - Glasfit
0.96 km - Convenience Centre
0.10 km - Bcc
0.30 km - Zealot Business College
0.31 km - Gummi Bears Edu Care Centre & Baby Unit
0.31 km - Elwandle University of Fort Hare
0.32 km - Gold Rose Dance And Modelling Academy
0.34 km - Aspire
0.34 km - Iq Academy
0.42 km - President Primary School
0.50 km - Quigney Baptist Pre-School
0.77 km - Coffe Bay Senoir Secondary School
1.12 km - Centre of Excellence High School
1.34 km - Gemrock Primary School
1.52 km - Courtyard Pre-School
1.89 km - Academy High School
1.99 km - Hoërskool Grens
Average sold property price in Quigney
Freehold
Sectional Scheme
Vacant Land
Freeholds
R1,300,323
33.3%
Average price
22
33.3%
Transfers
Sectional Titles
R1,603,434
20.0%
Average price
53
20.0%
Transfers
Estates
R
0%
Average price
0
0%
Transfers
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 Lew Geffen Sotheby's International Realty website is accurate and up to date, Lew Geffen Sotheby's International Realty 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.
