Premium 628-Bed Student Accommodation Facility with Retail Income in Johannesburg

This is a rare opportunity to acquire a premium, fully operational student accommodation facility strategically located near Wits University in Johannesburg, South Africa. The property boasts a total capacity of 628 beds, exclusively serving NSFAS students, ensuring stable, government-backed rental income for 10 months annually. The asset is further diversified by a retail section comprising 11 units leased to national tenants, including a gym and financial institutions, adding robust supplementary revenue. The asking price of R270 million is positioned significantly below the estimated market value range of R480 million to R600 million, suggesting substantial immediate capital appreciation potential and an estimated high cap rate of 17.8% based on R48 million in estimated yearly revenue.