STUDENT ACCOMMODATION - MORNINGSIDE - 115 STUDENTS
The student accommodation facility in Windermere, Morningside, Durban, presents a compelling investment opportunity. Comprising three consolidated properties, it caters to approximately 115 students and offers amenities such as access control, guarding facilities, communal gardens, fully furnished rooms, communal kitchens, laundry facilities, and modern bathrooms. Each room is equipped with new beds, microwaves, fridges, and study desks, accommodating 2 to 4 students per room. Its proximity to Windermere Centre and Moses Mabhida Stadium enhances its appeal. Notably, a two-year lease has been secured with relevant education authorities, and the facility is nearly fully occupied, indicating a stable income stream.
Investing in student accommodation in Durban is particularly attractive due to the high demand for quality student housing. Research indicates that KwaZulu-Natal has a significant shortage of student beds, with many students currently living in environments not conducive to academic success.
This demand has spurred developments like the R800 million project by Thrive Student Living, which will add 2,400 student beds near the University of KwaZulu-Natal's Howard College campus by January 2027.
The existing shortage and ongoing developments underscore the robust demand for student accommodation in the region.
Given the facility's established operations, secured lease agreements, and the high demand for student housing in Durban, this investment offers a promising opportunity for stable returns. Engaging with legal experts familiar with the local real estate market is advisable to navigate the regulatory landscape effectively.
The city of Durban is rich in culture, warmth and personality. The view of the city skyline with the iconic Moses Mabhida Stadium arch rising from the bay on a crisp blue afternoon is breathtaking. There are miles of gorgeous beaches and vegetation-dense inland hills rising behind the city borders, when the need to get out and explore beckons. This raw beauty has guaranteed that Durban has and always will be a...
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