FEATURED
Web Ref BSP16
R16,000,000
99 Simmonds
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100 bed Student Accommodation For Sale
Situated in the heart of Braamfontein, one of Johannesburg’s most vibrant student friendly areas, this student accommodation building offers an ideal investment opportunity. Braamfontein is a central hub, surrounded by educational institutions, cultural hotspots, and public transport links, making it a prime location for student living.
Total Beds: 100
NSFAS accredited building
Occupancy Rate: 100% – Reflecting high demand and a solid track record of attracting students
Room Configuration:
90 Sharing Rooms; each room is spacious and designed for two occupants.
10 Single Rooms: Offering privacy for those seeking an individual living space.
Parking: Ample parking space for residents with vehicles and visitors.
Chill Zone: A dedicated recreational area for residents to relax and socialize, enhancing the overall student experience.
Facilities on Each Floor:
Multiple Showers: For convenience, ensuring residents can enjoy privacy and comfort. Separate male and female bathroom facilities on each floor.
Fully equipped kitchen areas with double three plate stoves, allowing for efficient meal preparation.
Investment Opportunity:
High Occupancy: The property currently boasts a 97% occupancy rate, demonstrating consistent demand and an established reputation. The property also has 300sqm worth of retail for additional income on the commercial side of property.
Attractive Yield: With a prime location in Braamfontein, one of Johannesburg’s most dynamic student precincts, this property presents a compelling return on investment.
Vibrant Student Community: The area is home to key academic institutions such as the University of the Witwatersrand, making it a top destination for student accommodation.
Accessibility: Excellent transport links, including easy access to taxis, buses, and the Gautrain, providing connectivity to the entire city.
The property is in excellent condition, with well-maintained interiors and up-to-date utilities.
Ideal for investors looking for a reliable income stream, or for those wishing to enter the student accommodation market.
Total Beds: 100
NSFAS accredited building
Occupancy Rate: 100% – Reflecting high demand and a solid track record of attracting students
Room Configuration:
90 Sharing Rooms; each room is spacious and designed for two occupants.
10 Single Rooms: Offering privacy for those seeking an individual living space.
Parking: Ample parking space for residents with vehicles and visitors.
Chill Zone: A dedicated recreational area for residents to relax and socialize, enhancing the overall student experience.
Facilities on Each Floor:
Multiple Showers: For convenience, ensuring residents can enjoy privacy and comfort. Separate male and female bathroom facilities on each floor.
Fully equipped kitchen areas with double three plate stoves, allowing for efficient meal preparation.
Investment Opportunity:
High Occupancy: The property currently boasts a 97% occupancy rate, demonstrating consistent demand and an established reputation. The property also has 300sqm worth of retail for additional income on the commercial side of property.
Attractive Yield: With a prime location in Braamfontein, one of Johannesburg’s most dynamic student precincts, this property presents a compelling return on investment.
Vibrant Student Community: The area is home to key academic institutions such as the University of the Witwatersrand, making it a top destination for student accommodation.
Accessibility: Excellent transport links, including easy access to taxis, buses, and the Gautrain, providing connectivity to the entire city.
The property is in excellent condition, with well-maintained interiors and up-to-date utilities.
Ideal for investors looking for a reliable income stream, or for those wishing to enter the student accommodation market.
Features
Zoning
Mixed Use
Interior
Power (3 Phase)
Yes
Exterior
Security
No
Sizes
Floor Size
498m²
