Property Details

Majuba Building | Prime Investment Opportunity on Pretorius Street, Arcadia, Pretoria

Discover the Majuba Building, an exceptional 3,828-square-meter investment property perfectly positioned on the coveted Pretorius Street in Arcadia, Pretoria. This premier building comprises 173 modern units and is currently home to 365 students, offering a diverse range of accommodation options. With bachelor, one-bedroom, and four-bedroom units, this property presents a flexible and lucrative opportunity for investors seeking prime student accommodation.

Property Overview:

The Majuba Building spans a total area of 3,828 m2 and includes 173 units:

- 107 Bachelor Units (15 m2 to 20 m2)

- 63 One-Bedroom Units (30 m2 to 40 m2)

Currently, the property accommodates 365 students under NSFAS lease agreements designed for 400 students, generating a monthly rental income of R4,500 per student over an 11-month lease cycle. The units have been stylishly refurbished to offer modern urban living, free from the burden of transfer duty due to its sectional title scheme setup. The owner is also in the process of securing approval for 500 beds at TUTEH.

Key Features and Amenities:

- 24-Hour Security: Enhanced safety with access control, surveillance, and secure parking.

- Basement Parking: Convenient and secure for both tenants and visitors.

- Public Transport Access: Strategically located with direct access to taxis and bus routes, including a TUT bus stop right in front of the building.

- Proximity to Key Amenities: Close to SunCardia Shopping Centre, Nedbank Plaza, Sterland Cinema, and popular fast-food outlets such as McDonald's, KFC, and Romans Pizza.

- Nearby Institutions: In close vicinity to the Union Buildings as well as colleges and universities in Sunnyside, Arcadia, and Pretoria Central.

Building Features:

- Elevator: Equipped with a Kone lift serviced by EMC for easy floor access.

- Coin-Operated Laundry: On-site laundry room with coin-operated machines for tenant convenience.

- Energy Efficiency: Heat pump system replaces traditional geysers, reducing electricity consumption significantly.

- High-Speed Wi-Fi: Uncapped Wi-Fi available throughout the building enhances student life.

- Communal Entertainment Area: A spacious area for residents to relax and socialize.

- Iconic Artwork: Featuring vibrant graphic art by legendary artist Zesta, giving the building a unique touch.

Location Benefits:

Situated in one of Pretoria's most desirable areas, the Majuba Building offers easy access to key arterials such as Church Street, the N1 and N4 highways, Park Street, and Hamilton Street. Its proximity to neighboring suburbs like Hatfield, Sunnyside, and Pretoria Central makes it a central hub for students, professionals, and businesses alike.

Investment Opportunity:

The Majuba Building is a unique and secure investment opportunity with a high-capacity student accommodation setup. It offers a stable income stream backed by existing NSFAS lease agreements. With no transfer duty applicable and a newly refurbished property in a burgeoning market, this is an opportunity not to be missed.

Price: The purchase price excludes VAT.

Seize this incredible investment opportunity today. Contact us to schedule a viewing and explore the potential of this remarkable property.