R 65,000,000
Property Details
Introducing the Majuba Building, a prime investment opportunity ideally located on the sought-after Pretorius Street in Arcadia, Pretoria. Spanning 3,828 m2, this fully refurbished building offers a turnkey student accommodation solution, currently housing 365 students with capacity for 400 under NSFAS lease agreements.
This sectional title property features 173 modern units, ranging from bachelor and one-bedroom apartments to four-bedroom configurations, offering a mix of flexible and high-demand housing solutions. Approval for 500 student beds at TUTEH is currently underway, further boosting the investment potential.
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Property Summary
- Total Size: 3,828 m2
- Total Units: 173
o107 Bachelor Units (15–20 m2)
o63 One-Bedroom Units (30–40 m2)
o3 Four-Bedroom Units
- Current Occupancy: 365 NSFAS students (contracted for 11-month lease periods)
- Rental Income: R4,500 per student per month
- Sectional Title: No transfer duty payable
All units have been stylishly renovated, reflecting modern urban living standards that appeal to student tenants.
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Key Features & Amenities
- 24/7 Security: Access-controlled entry, CCTV surveillance, and secure premises
- Basement Parking: Ample, secure parking for tenants and guests
- Public Transport Access: Adjacent to TUT bus stop, taxi routes, and bus lines
- Convenient Location: Within walking distance of SunCardia Mall, Nedbank Plaza, Sterland Cinema, McDonald’s, KFC, and Romans Pizza
- Close to Institutions: Minutes from the Union Buildings and major educational institutions in Arcadia, Sunnyside, and Pretoria CBD
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On-Site Facilities
- Kone Elevator: Maintained by EMC, providing reliable access to all floors
- Laundry Room: Equipped with coin-operated machines
- Energy-Efficient Water Heating: Heat pump system replaces geysers, cutting electricity costs
- Uncapped Wi-Fi: High-speed internet throughout the building
- Communal Entertainment Space: Designed for social interaction and relaxation
- Unique Artistic Appeal: Features striking artwork by renowned South African artist Zesta
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Prime Location Advantages
The Majuba Building enjoys excellent connectivity to:
- Major Arteries: Church Street, N1, N4, Park Street & Hamilton Street
- Neighbouring Hubs: Hatfield, Sunnyside, Pretoria Central
Its strategic position makes it ideal for students and professionals, offering both accessibility and lifestyle convenience.
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Investment Highlights
- Stable rental income stream through NSFAS agreements
- Sectional title – no transfer duty payable
- Fully refurbished and in excellent condition
- Approval in process for 500 beds at TUTEH, increasing capacity and income potential
- Situated in a high-demand rental node
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Price: Excludes VAT
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Don't miss this outstanding investment opportunity.
Contact us today to arrange a private viewing and unlock the full potential of the Majuba Building.
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Property Features
- Property Type Business
- Building Size 3,828m²
- Stand Size
Associated Costs
- Rates & Taxes ± 30000
Location
Enquiry
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