Asset Auctions has been entrusted with the sale of two high-yielding apartment blocks in Vanderbĳlpark.
The buildings are situated on Sydney Waterston Street and 24 FW Beyers Street respectively. They offer sleeping arrangements for well over 130 students and are ideally situated near the Vaal University of Technology which also adjoins North West University’s Vaal Campus.
Both the three-storey buildings are close to Barrage Road, a feeder artery to main Vanderbĳl attractions such as its vibrant student scene, further adding to the investor appeal of both properties.
In addition to its allure of volume- driven student tenancy, both buildings feature ground fl oor retail space.
Surrounded by existing retail outlets featuring strong brand representation through franchise stores such as Edgars and Checkers, this underscores the commercial vitality of the central business district in which both properties are situated.
In short, both properties are what any discerning proprietor looks for in a solid purchase – location and lucrative, long-term return on investment.
The first property, situated at Sydney Waterson Street, has four retail stores on the ground floor, 55 one-bed units, 35 two bed units, four three-bed units, a communal kitchen, and four ablution facilities.
The second property, situated at 24 FW Beyers Street, has three retail stores, a caretaker’s flat, 28 one-bed units, 54 two-bed units, and five three-bed units.
Add up the lot and you sit with potential rental income of 137 beds on the first property and 148 on the second.
That’s without the potential income of the seven retail stores factored into the equation. Teeming student life and its intersection with a thriving node of commerce, all well-trafficked by the daily hustle and bustle of Vanderbĳl, often referred to as the jewel of the Vaal Triangle, underscores the golden twin opportunies that Asset Auctions will bring to market at the auction on May 24.
When and where:
Both liquidated properties will be sold at Quest Conference Estate on the corner of Curie Boulevard and Goodyear Street, and Dean Baldwin of Asset Auctions will commence with the auction at 11am.
Phone him for further inquiries at 083 954 3135, 011 452 4191, or go to assetauctions.co.za