Property
Description
Property Description
This A-Grade, purpose-built student accommodation facility offers a total capacity of 184 single-occupancy beds, with 120 students currently in residence. The property comprises 46 accommodation units, each consisting of four private single bedrooms, a communal kitchen and two bathrooms, providing a total of 92 bathrooms across the development. The multi-storey, facebrick development has been designed specifically to cater for the student accommodation market and offers a range of supporting amenities and infrastructure, including a dedicated study centre, laundry facilities and communal areas, with each student room equipped with its own fridge. The property benefits from NSFAS accreditation, allowing it to accommodate both private-paying students and bursary-funded students, providing access to a broad tenant market. Infrastructure and services include a generator for backup power, as well as a borehole supported by 20 000-litre JoJo water storage tanks, enhancing the property’s resilience and reducing reliance on municipal services. With its modern A-Grade specification, single-occupancy accommodation model, established student occupancy, NSFAS accreditation and supporting infrastructure, the property presents a strong investment opportunity within the student accommodation sector, with further potential to increase occupancy and optimise income. Occupancy currently stands at +-65%.
Features
Accommodation:
Total capacity: 184 single-occupancy beds
46 accommodation units, each with four private single bedrooms, a communal kitchen and two bathrooms
Number of rooms: 184
Bathrooms: 92
120 students currently in residence
Occupancy rate: +-65%
Each student room equipped with its own fridge
Dedicated study centre
Laundry facilities
Communal areas
Building and services:
Multi-storey facebrick development, purpose-built for the student accommodation market
Height: 4 storeys
NSFAS accreditation, accommodating both private-paying and bursary-funded students
Generator for backup power
Backup power / inverter: yes
Borehole supported by 20 000-litre JoJo water storage tanks
Water backup / storage tank: yes
Security: alarm, electric fence and CCTV
Fibre / internet connectivity: yes
Stand / erf size: 1 985 m²
Zoning: Residential 4
Area Description
Rossmore is a small established suburb in the Auckland Park node of western Johannesburg, within the City of Johannesburg Metropolitan Municipality, bordered by Westdene, Melville and Auckland Park proper. For a student accommodation asset the defining feature of the location is its distance to campus: the University of Johannesburg’s Auckland Park Kingsway Campus lies just over four hundred metres from the property, putting it within walking distance, with the UJ Student Centre roughly six hundred metres away and Campus Square, the student-oriented shopping centre on Kingsway, about seven hundred and fifty metres. The UJ Bunting Road Campus in Cottesloe is a little under two kilometres east and the University of the Witwatersrand in Braamfontein roughly three and a quarter kilometres. The Melville restaurant and nightlife strip on 7th Street sits about one and three-quarter kilometres north-east, and Langlaagte railway station about the same distance south. Private medical care is available at Netcare Milpark Hospital in Parktown, some two kilometres away, with Rahima Moosa Mother and Child Hospital in Coronationville about two and a half kilometres west. The Johannesburg CBD is approximately four kilometres south-east.
Area Amenities
University of Johannesburg, Auckland Park Kingsway Campus – 0.4 km
UJ Student Centre and supermarket, Akademie Road – 0.6 km
Campus Square Shopping Centre, Auckland Park – 0.8 km
University of Johannesburg, Bunting Road Campus, Cottesloe – 1.7 km
Melville 7th Street restaurant strip – 1.8 km