Property
Description
Property Description
A fully-let student accommodation asset of 108 beds across 47 rooms, NSFAS grade A approved and recorded at 100% occupancy. The property is arranged as three separate buildings comprising 25, 6 and 16 units, recently painted and tiled throughout, on land zoned General Residential 2. Communal facilities include two TV rooms, two study rooms and a washing area with washing machines, alongside sharing rooms. Services and security comprise biometric access control, Wi-Fi, cameras around the property, and 24/7 security and cleaning staff. NSFAS accreditation is held for 102 beds at R4 693.00 per bed, with a further 6 beds available for private students, and the university has scheduled four shuttle buses that ferry students to and from campus. All furniture is included in the sale and an inventory list is available. The seller also records an additional next-door stand of 1 572 m² available for additional bulk.
Features
Number of beds: 108
Number of rooms: 47
Occupancy rate: 100%
NSFAS grade A accreditation: 102 beds at R4 693.00 per bed, plus 6 beds for private students
Three separate buildings comprising 25, 6 and 16 units
Sharing rooms
2 TV rooms
2 study rooms
Washing area with washing machines
Biometric access control
Wi-Fi
Fibre / internet connectivity
Cameras around the property
24/7 security and cleaning staff
Security: alarm, electric fence and CCTV
Recently painted and tiled throughout
All furniture included; inventory list available
Four scheduled university shuttle buses serving the property
Zoning: General Residential 2
Stand / erf size: 3 254 m²
Gross lettable area: 1 500 m²
Floor area ratio (FAR): 1.2
Coverage: 50%
Building line: 7.5 m
Additional next-door stand of 1 572 m² available for additional bulk
Area Description
Wentworth is an established suburb on the Bluff, south of the Durban CBD within the eThekwini Metropolitan Municipality, bordering the South Durban Basin industrial belt and the port. The area is well served by the Southern Freeway and the M4/M7 routes, placing the Durban city centre roughly eight kilometres to the north. Convenience retail sits on Brighton Road itself, with larger centres at Bluff Hillside Mall and Bluff Towers on Tara Road, both a little over a kilometre away, and Wentworth Hospital is within a kilometre of the property. Brighton Beach and the Bluff coastline lie under two kilometres to the south-east, and Fynnlands railway station is about five kilometres north. For a student accommodation asset the defining feature of the location is its position relative to Durban’s tertiary institutions: UKZN Howard College is approximately six and a half kilometres away, the DUT Steve Biko and ML Sultan campuses eight to nine kilometres, and Mangosuthu University of Technology in Umlazi approximately nine kilometres, with the property served by four scheduled university shuttle buses.
Area Amenities
Thomson's Supermarket, Brighton Road – 0.7 km
Wentworth Hospital, Boston Road, Jacobs – 1.0 km
China Hyper, Wentworth – 1.2 km
Bluff Hillside Mall, Tara Road – 1.2 km
Bluff Towers, Tara Road – 1.3 km