Commercial space in Brooklyn
Brooklyn, Pretoria Central And Old East, Gauteng
Listed by
Amelita Mowatt
eXp South Africa
Details
Commercial Property For Sale 18 rooms - High Density Plus Plans For Additions High-Density Accommodation | Student Living | Guesthouse | Investment PotentialPlans Attached2 BLOCKS AWAY FROM TUKSAn exceptional opportunity to acquire a substantial 18-bedroom student accommodation property in the sought-after Hatfield precinct, ideally positioned for investors looking for a high-density accommodation or hospitality asset. Alternatively re-develop to a commercial asset.With Hatfield being an established student and commercial node, the property offers multiple possible income strategies, subject to the applicable zoning, rights and municipal approvals.PROPERTY HIGHLIGHTS18 bedrooms - currently 13 students occupiedMultiple bathroomsGenerous accommodation capacityExcellent potential for student accommodationSuitable for guesthouse short-stay accommodationPotential for professional accommodation or co-livingSecure parkingEstablished infrastructureWell-positioned for access to major routes, amenities and the University precinctOpportunity to enhance, reposition or optimise the existing propertyIDEAL FOR STUDENT ACCOMMODATIONHatfield is a well-established student accommodation market, with numerous purpose-built student residences operating in the area.An investor could explore the potential of repositioning the property into a high-demand student accommodation model, subject to municipal requirements and the relevant approvals.INVESTMENT ANGLEWith 18 bedrooms, the property provides an investor with the ability to create multiple income streams rather than relying on a conventional single-family residential rental.Depending on the final use and approvals, potential models could include:Student accommodationProfessionalco-living accommodationGuesthouseCorporate accommodationShort-term accommodationHybrid accommodation modelProspective investors should assess achievable rental per room, occupancy, operating expenses, required capital expenditure, and applicable municipal rights before making an investment decision.
Location
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