- 5
- 3
- 2
- 1 095.0 m2
Monthly Costs
Monthly Bond Repayment ZAR .
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Mun. Rates & Taxes: ZAR 3000.00
Property description
Exceptional Meredale Property: Dual-Purpose Home with 8 Student Accommodation Units
This exceptional double-storey property in the suburban area of Meredale, Johannesburg, presents a significant commercial opportunity, perfectly suited for student accommodation. The expansive 1095 sqm erf hosts a substantial main residence alongside eight dedicated student units, offering a compelling investment prospect in a sought-after location.
The primary dwelling is a spacious five-bedroom house, designed to accommodate a family comfortably. Three of these well-proportioned bedrooms benefit from private en-suite facilities, providing enhanced comfort and privacy. The ground floor features two distinct dining areas, ideal for both formal and informal meals, alongside two spacious lounges that offer ample room for relaxation and social gatherings. A functional kitchen serves the main house, catering efficiently to daily needs.
Complementing the main residence are eight neat student accommodation units, each thoughtfully equipped with its own shower, ensuring convenience and independence for residents. This dedicated setup is strategically designed for generating consistent rental income, capitalising on the strong demand for quality student housing in the area. The property also benefits from four dedicated parking spaces, a valuable amenity for both residents and visitors, adding to its practical appeal.
Situated in Meredale, the location offers a balanced suburban lifestyle with convenient accessibility to local amenities and educational institutions, making it an attractive option for students. This property represents a robust investment for those seeking to enter or expand within the commercial property market, particularly in the thriving student housing sector. Its dual-purpose design, combining family living with income-generating units, makes it a versatile and valuable asset. Early viewing is highly recommended to appreciate the full potential of this unique offering.
Key Features
- Double-storey main house with 5 bedrooms
- 3 en-suite bathrooms in the main house
- 2 dining areas and 2 lounges in the main house
- 8 dedicated student accommodation units, each with a shower
- 1095 sqm erf size
- 4 dedicated parking spaces
- Located in suburban Meredale, Johannesburg
- Significant commercial and investment potential
Property Details
- 5 Bedrooms
- 3 Bathrooms
- 2 Garages
- 2 Ensuite
- 2 Lounges
- 2 Dining Area
Property Features
- Study
- Balcony
- Storage
- Access Gate
- Kitchen
- Guest Toilet
- Paving
- Garden
- Family TV Room
| Bedrooms | 5 |
| Bathrooms | 3 |
| Garages | 2 |
| Erf Size | 1 095.0 m2 |
