Summary

Forecast Gross Rental Income (2024/2025): R774,150 p.a.

• Estimated Annual Expenses: R304,776 p.a.
• Forecast Net Rental Income: R489,374 p.a.
• Projected ROI: 9.32%
• Asking Price: R5.25 million
The forecast income is based on an 89.7% occupancy rate, with a reasonable 10.3% provision for vacancy loss.

Prime Location – Always in Demand

✔ 300m from Rhodes University, ensuring a consistent student tenant base.
✔ Walking distance to shops, restaurants, and campus facilities.

2. Turnkey Investment – Proven Income & NSFAS Accreditation

✔ R774,150 annual forecast rental income.
✔ NSFAS-approved rooms provide guaranteed demand from students.
✔ Well-maintained property with a strong history of full or near-full occupancy.
3. Secure & Well-Managed Complex

✔ Electric fencing, armed response security & controlled access.
✔ Includes WiFi, water, electricity – key student requirements.

4. Growth Potential & Investor Flexibility

✔ Multiple investment strategies:
• Continue as a high-yield student rental.
• Convert to Airbnb or short-term rentals.
• Sectional title the annex rooms and sell as separate investment units.
✔ Expanding student population at Rhodes University ensures long-term rental demand.

• Address :86 Beaufort Street, Makhanda/ Grahamstown
• • Total Land Size: 1,200m²
• Two Buildings:
• Main House (228m²): 4 bedrooms, 2 bathrooms, shared living area.
• Annex (463m²): 11 en-suite bedrooms, all NSFAS-accredited.
• Total Capacity: 15 student tenants
• Secure Complex: Electric fencing, controlled pedestrian & vehicle access, armed response security (Hi-Tec).
• Amenities Included: WiFi, electricity & water, furnished rooms (bed, desk, chair, bedside table, lamp, cupboard).
• Parking: Large open parking area with electronic gate access.
• Additional Features:
• Undercover leisure area – a social space enhancing tenant satisfaction.
• 2 x 2,000L water tanks (not yet connected).

• Alarm System
• Built-In Cupboards
• Electric Gates
• Hitec Security
• Off-Street Parking
• Water
• Wifi