Property
Description
Property Description
This is an excellent opportunity to acquire a fully operational, University of Johannesburg (UJ)-accredited student accommodation facility, strategically located at 2026 Vundla Drive in the established suburb of Moroka, Soweto. The double-storey property comprises 17 generously sized, fully furnished en-suite bedrooms, accredited by the University of Johannesburg for a total of 34 beds. Currently accommodating 24 students, the property offers immediate rental income with significant potential to increase revenue by filling the remaining approved capacity. Designed specifically to meet the needs of student living, the facility offers a practical and comfortable environment, with shared amenities that enhance convenience and day-to-day living. The property features two spacious communal kitchens, each equipped with ovens, fridges and ample counter space, as well as a dedicated laundry room fitted with four washing machines. A communal TV lounge provides a comfortable space for students to relax and socialise, while a secure storeroom offers additional storage space. Each bedroom can also be fitted with a wall-mounted heater to provide additional comfort during the colder months. Security and uninterrupted power supply are key features of the property. Residents benefit from a fingerprint-controlled access system, electric perimeter fencing and comprehensive CCTV surveillance. The facility is further supported by a backup solar power system and generator, helping to minimise disruptions during power outages and maintain a comfortable living environment for students. Ideally positioned on a main public transport route, the property offers convenient access to surrounding amenities and transport links, making it well suited to the needs of students. Investment Highlights UJ-accredited facility approved for 34 student beds. 17 fully furnished en-suite bedrooms, offering privacy and convenience. Immediate rental income with current occupancy of 24 students. Income growth potential through increasing occupancy to the full approved capacity of 34 students. Two communal kitchens and a dedicated laundry room with four washing machines. Communal TV lounge and secure storeroom. Backup solar power system and generator for improved power reliability. Comprehensive security, including fingerprint access control, electric fencing and CCTV surveillance. Potential for wall-mounted heaters in each bedroom to enhance student comfort. Turnkey investment opportunity in an established Soweto student accommodation market. A Turnkey Student Accommodation Investment Combining UJ accreditation, established rental income, practical student amenities and reliable backup power, this property presents an attractive opportunity for investors seeking exposure to the student accommodation sector. With capacity for 34 students and scope to increase occupancy from its current level, the property offers both an established income stream and the potential for further income growth.
Features
Bathrooms: 17
Fibre / Internet Connectivity: Yes
Number of Beds: 34
Security (alarm, electric fence, CCTV): Yes
Backup Power / Inverter: Yes
Number of Rooms: 17
Occupancy Rate: 72 %
Zoning: Residential 1
Stand size: 488 m²
GLA: 490 m²
Height: 2 storeys
Overall Condition: Excellent
Area Description
Moroka is an established, densely populated residential suburb within Soweto, in the City of Johannesburg, Gauteng. The area forms part of one of South Africa’s largest and best-known townships, with strong demand for well-located, affordable and student accommodation. The subject property sits on Vundla Drive, a main public transport route, giving convenient access to surrounding amenities and transport links. The location offers reach to the University of Johannesburg’s Soweto Campus, major retail centres such as Maponya Mall and Bara Mall, and medical facilities including the Chris Hani Baragwanath Academic Hospital, and is well connected to the surrounding arterial and highway network, including the Old Potchefstroom Road and the N1 and N12, linking Soweto to the Johannesburg CBD and the greater metro. The combination of UJ accreditation, strong student-housing demand and good transport access makes it a well-positioned location for a student accommodation investment.
Area Amenities
Maponya Mall, Soweto – approximately 3.5 km
University of Johannesburg – Soweto Campus – approximately 5.6 km
Bara Mall, Diepkloof – approximately 6.4 km
Chris Hani Baragwanath Academic Hospital – approximately 7.5 km