Property
Description

Property Description

This exceptional student accommodation investment is situated in the popular Heatherdale AH area of Akasia, Pretoria North. The property comprises a fully developed and operational student housing complex consisting of 21 blocks with 212 apartments and a total of 848 beds. The complex is accredited and has direct rental arrangements with educational institutions, ensuring stable and consistent occupancy levels. Each apartment has been purpose-designed for student living, offering two bedrooms, shared amenities, and study desks, with each unit fitted with essential appliances. The property offers a complete lifestyle solution for students, including leisure areas, laundry facilities, and three shuttle buses that service nearby campuses. The property is supported by robust infrastructure, including solar power, solar geysers, borehole water supply, and comprehensive security measures such as CCTV, access control, and 24-hour guards. Its modern facilities, strong institutional demand, and turnkey nature make it an attractive, income-generating asset. With excellent transport access, high demand from nearby tertiary institutions, and scope for further rental escalation through grading upgrades, this investment offers long-term income stability and growth potential in one of Pretoria’s most consistent student hubs.

Features

Fully Operational, Income-Producing Student Accommodation Facility

848 Beds Across 21 Blocks And 212 Apartments

779 Beds currently occupied (92% occupancy rate)

NSFAS Accredited

Current monthly income: ±R3.47 million

3 Boreholes and solar installations providing sustainably low utilities

Area Description

Heatherdale AH forms part of Akasia in the greater Pretoria North region. This area is known for its accessibility, established residential neighborhoods, and proximity to major tertiary institutions and transport routes. The suburb has benefited from substantial infrastructure development and growing demand for affordable student accommodation. Akasia and its surrounding precincts have experienced steady growth in the education and housing sectors, supported by reliable municipal services and connectivity to key amenities such as Wonderpark Mall, Akasia Hospital, and major arterial roads. The area attracts students, professionals, and investors due to its balance of affordability, accessibility, and urban convenience and proximity to TUT campus.

Area Amenities

R80 Mabopane Highway                      2.8 km

Wonderpark Shopping Centre              4.2 km

Tshwane University of Technology        6.4 km

Pretoria North CBD                               6.8 km

Heatherdale Train Station                    1.6 km