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R24,500,000

R24,500,000

1,000m² Building For Sale in Windermere
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STUDENT ACCOMMODATION - MORNINGSIDE - 115 STUDENTS

Web Ref. TPC842
Land size 1305.00 m²
Floor size 1000.00 m²
Monthly Bond Repayment
R224,111.12
The student accommodation facility in Windermere, Morningside, Durban, presents a compelling investment opportunity. Comprising three consolidated properties, it caters to approximately 115 students and offers amenities such as access control, guarding facilities, communal gardens, fully furnished rooms, communal kitchens, laundry facilities, and modern bathrooms. Each room is equipped with new beds, microwaves, fridges, and study desks, accommodating 2 to 4 students per room. Its proximity to Windermere Centre and Moses Mabhida Stadium enhances its appeal. Notably, a two-year lease has been secured with relevant education authorities, and the facility is nearly fully occupied, indicating a stable income stream.

Investing in student accommodation in Durban is particularly attractive due to the high demand for quality student housing. Research indicates that KwaZulu-Natal has a significant shortage of student beds, with many students currently living in environments not conducive to academic success.

This demand has spurred developments like the R800 million project by Thrive Student Living, which will add 2,400 student beds near the University of KwaZulu-Natal's Howard College campus by January 2027.

The existing shortage and ongoing developments underscore the robust demand for student accommodation in the region.

Given the facility's established operations, secured lease agreements, and the high demand for student housing in Durban, this investment offers a promising opportunity for stable returns. Engaging with legal experts familiar with the local real estate market is advisable to navigate the regulatory landscape effectively.
Monthly Rates R6,936

Features

Zoning
Commercial
Interior
2 Kitchens
Furnished
Sizes
Land Size 1,305 m²
Floor Size 1,000 m²
Listing Info
Date Listed 10-02-25
Time Listed 08:55

Windermere, Durban

Google map for 1,000m² Building For Sale in Windermere

Disclaimer

While every effort will be made to ensure that the information contained within the Tyson Properties website is accurate and up to date, Tyson Properties 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.