Student Accommodation With High Double Digit Yield

ONLINE AUCTION

Bidding Start Time: Wednesday, 28 October 2026 @ 09:00

Bidding End Time: Thursday, 29 October 2026 @ 14:30

Registration is essential by Monday, 26 October 2026.

Pre-Auction Offers may be considered.  Auction Finance Available.

For more information, please contact the listing agent.

THE PROPERTY CONSISTS OF:

Fantastic property running as student accommodation with 5 years of accredited student accommodation by NSFAS.

Accommodation comprises the following:

• 8 "VIP" Rooms - 3 beds @ ±R 5,400 per month (24 x beds = ±R 129,000 per month)
• 42 Standard Rooms - 2 beds @ ±R 5,450 per month (84 x beds = ±R 457,800 per month)
• 6 x 2-Bedroom Flats - 6 beds @ ±R2,400 per month (36 x beds = ±R 86,000 per month)
• Total Gross Income: ±R 673,000 per month or over ±R 8,000,000 per annum
• Current Total Expenses: R 153,300 per month or ±R 1,839,600 per annum
• Current Net Income: R 520,100 per month or ±R 6,241,000 per annum

• 75% Partially Tenanted (120 beds) to Durban University of Technology (DUT) Students @ NSFAS & 50 x beds to private individuals
• Maximum capacity of 220 beds could generate ± R 990,000 per month
• Additional bulk of ±1,250m² available, potentially allowing for 3 additional floors
• The property has a liquor license as well.
• Massive Nett ROI

DETAILS:

• Erf no: 10810, Durban
• Erf size: 650m²
• Rates: ±R9,315.16 per month
• Zoning: General Residential 5

Web Ref:  753340

Transfer Duty Applicable

PAYMENT TERMS:

2.5% Deposit & 10% Auctioneers' fee (excl. VAT on fee); Payable on the fall of the hammer by means of EFT only. Balance payable on transfer.

REGISTRATION REQUIREMENTS:

To bid at the auction, you need to provide a copy of your identity document and current proof of residence (not older than 3 months), as well as a R20,000 refundable registration fee.

DISCLAIMER:

The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.

Sanjeev Boyjoonauth | 066 054 2211 | [email protected]

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]