GBA: ± 4 400 m² | 253 Students – DUT Campus new lease in place | 126 Rooms on 3 storeys with communal bathrooms, kitchens and TV/study areas | Ground floor workshops & warehousing (± 950 m²) | Gross Annual Income: ± R10 Million
Strategic Investment Opportunity: 3 Storey Accommodation Block with Retail and Warehousing
Introduction
Positioned at a prime location, this exceptional three-storey accommodation block presents a rare investment opportunity, seamlessly combining residential, retail, and warehousing elements. Currently serving as a student residence for 253 students under a secure three-year lease with the Durban University of Technology (DUT) campus, this property offers a lucrative, multi-purpose asset with exceptional potential for future adaptation.
Architectural Features and Layout
The ground floor encompasses a well-structured retail and warehousing space, catering to diverse commercial activities. The upper floors are dedicated to student accommodation, meticulously designed to maximize space efficiency and comfort. With secure access points, ample natural lighting, and contemporary interior finishes, the building ensures a conducive living environment for students and a dynamic commercial atmosphere for retail tenants.
Accessibility and Connectivity
Positioned in a high-demand area, the property benefits from excellent accessibility. Key transportation routes, including major highways and arterial roads, provide seamless connectivity to the greater city and surrounding districts. Public transport options, such as buses, taxis, and ride-sharing services, further enhance mobility for students, customers, and commercial users alike. Additionally, the proximity to the DUT campus fosters ease of access for students, making it a prime location for long-term student accommodation.
Surrounding Area and Amenities
The surrounding precinct is a vibrant hub, enriched with essential amenities and lifestyle conveniences. Retail centers, supermarkets, healthcare facilities, and entertainment venues contribute to a thriving urban environment. The presence of financial institutions, restaurants, and recreational spaces makes the location ideal for both residential and commercial use. Furthermore, the strategic placement within a bustling business district ensures high foot traffic, fostering opportunities for retail and commercial success.
Branding Exposure and Commercial Visibility
One of the property’s standout features is its high visibility and branding exposure. With prime street frontage and direct access to pedestrian and vehicular traffic, the ground-floor retail and warehousing spaces enjoy excellent exposure to potential customers. Prominent signage opportunities along major routes further enhance brand visibility, making it an attractive prospect for retail chains, showrooms, and logistics businesses.
Potential Uses and Future Adaptability
Beyond its current function as a student residence, this property holds immense potential for diverse applications. The ground floor’s adaptable retail and warehousing spaces can accommodate a variety of commercial ventures, including supermarkets, specialty stores, or logistics hubs. The upper floors, while presently configured for student housing, can be repurposed for executive apartments, co-living spaces, or corporate lodging in the future. The flexible zoning and well-structured layout ensure long-term sustainability and multiple revenue streams.
Conclusion
This three-storey accommodation block is a compelling investment opportunity, blending residential, retail, and warehousing capabilities in a highly sought-after location. With a stable lease in place for 250 students, unparalleled accessibility, exceptional branding exposure, and diverse potential uses, this property stands as a cornerstone for astute investors seeking both immediate returns and long-term value appreciation. Its strategic positioning and adaptability ensure that it remains a high-yield asset in the evolving real estate market.
Virend Deonarain
Show number
vdeonarain@in2assets.com