19 Bedroom Commercial - Student Accommodation on Auction in Rosendal

Description

ONLINE AUCTION Bidding Start Time: Wednesday 25 February 2026 @ 09:00 Bidding End Time: Thursday 26 February 2026 @ 14:30 Registration is essential by Monday 23 February 2026. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: This prime property is set in the heart of popular and sought after Bellville. Centrally situated and are about 500m from Eduvos Campus and about 800m from New Bridge Academy in Pasita Street, Rosenpark. Tyger Valley shopping center is within walking distance from us and is surrounded by shops, laundromats, restaurants, medical facilities, banks, service stations, churches, Postnets and public transport routes as well as major high ways (N1 & R300). There are also parks with exercise equipment and a dam which people use for jogs, walks, dog walks or just watching the ducks, geese, guineafowl, rabbits, squirrels, and other bird life, and beautiful views of the mountains. This is the most ideal student accommodation set in the perfect tranquil quiet setting with numerous college’s near by. Very popular 21 bedroom student accommodation (includes a managers suite). Making a very good return and is extremely popular with students at nearby college’s and is always fully booked. PROPERTY: GROUND FLOOR: • Twelve bedrooms • 4 bathrooms • Office • Store room • Large fully equipped kitchen area with scullery with ample space and includes two gas ovens. • Income ±R66 500 p.m FIRST FLOOR: • Managers / owners room with large balcony patio area and en suite - potential income ±R6 500 p.m • 3 Bedrooms, all en suite - Income ±R18 000 p.m • 2 Bedrooms, all en suite Currently 2 used by family members - potential income ±R12 000 p.m TOP FLOOR: • Three bedrooms - Two bathrooms • Kitchenette • Income ±R16 500 p.m Total Income= ±R101 000 p.m FEATURES : • 21 Bedrooms • 10 bathrooms • Kitchen • Garden • Braai area • Undercover patio • 3 x Parking's • Ample open parking INCOME BREAKDOWN : • Income - ±R101 000 pm • Potential income - ±R18 500 pm • Total potential income - ±R119 500 pm EXPENSES: • Water/rate/sewerage - ±R8 850.00 pm • Electricity - ±R2 500.00 pm • Insurance - ±R1 490.18 pm • Internet - ±R4 644.10 pm • Gas - ±R409.50 • Cleaning - ±R3 000.00 pm • Maintenance - ±R1 200.00 pm • Gardener - ±R450.00 pm • Total - ±R22 543.78 pm DETAILS: • Erf no.: 35868, Bellville • Erf size: 508m² • Zoning: General Residential 2 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.