NEW
Web Ref CL35045
ON AUCTION - 20 AUGUST 2026 - REMINGTON HOUSE - Premium NSFAS-Accredited Student Accommodation.
Premium NSFAS-Accredited Student Accommodation Investment | Fully Let | High-Yield Income-Producing Asset
Positioned on the prominent corner of Rahima Moosa Street and Nugget Street in one of Johannesburg's most established and sought-after student accommodation precincts, this exceptional investment presents a rare opportunity to acquire a modern, purpose-built student housing asset in a proven education node.
Strategically located within close proximity to major tertiary institutions and surrounded by established student accommodation developments, the property enjoys strong and consistent demand. The building is fully NSFAS accredited and linked to both the University of Johannesburg (UJ) and Johannesburg Central College, providing investors with exposure to a resilient and well-supported student accommodation market.
This newly developed building has been constructed to a high standard and is presented in excellent condition throughout. Set on a 991sqm erf with an impressive Gross Lettable Area (GLA) of approximately 7,626sqm, the property comprises 133 self-contained apartments, accommodating a total of 260 student beds, together with five ground-floor retail shops that provide additional income diversification.
Designed to offer a modern student living experience, the development features a comprehensive range of on-site amenities including:
Study centre
TV and games room
Fully equipped gym
High-speed Wi-Fi
Secure on-site parking
Professionally managed facilities
The accommodation mix consists of:
15 single-bed units
108 two-bed units
9 three-bed units
1 caretaker's unit
Current rentals are structured as follows:
Single-bed accommodation: R4,940 per bed
Two- and three-bed accommodation: R4,693 per bed
The property is 100% occupied and currently generates an impressive Gross Monthly Income of approximately R1,276,192, offering immediate, secure cash flow from day one.
Purpose-built, fully operational student accommodation assets of this calibre are seldom available to the market. Combining modern construction, NSFAS accreditation, excellent occupancy, diversified income through retail, premium student amenities, and a prime location within Johannesburg's leading student accommodation hub, this represents an outstanding investment opportunity for institutions, property funds, and private investors seeking long-term income growth and capital appreciation.
Key Investment Highlights
Prime corner position in a highly sought-after student accommodation node
Fully NSFAS accredited with links to UJ and Johannesburg Central College
133 self-contained apartments accommodating 260 student beds
Five income-producing ground-floor retail shops
Newly developed, modern building in excellent condition
Erf size: 991sqm
GLA: Approximately 7,626sqm
Fully let with strong occupancy history
Gross Monthly Income: Approximately R1,276,192
Comprehensive student amenities including study centre, gym, TV/games room, Wi-Fi and parking
Rare institutional-quality investment with strong long-term income fundamentals
Positioned on the prominent corner of Rahima Moosa Street and Nugget Street in one of Johannesburg's most established and sought-after student accommodation precincts, this exceptional investment presents a rare opportunity to acquire a modern, purpose-built student housing asset in a proven education node.
Strategically located within close proximity to major tertiary institutions and surrounded by established student accommodation developments, the property enjoys strong and consistent demand. The building is fully NSFAS accredited and linked to both the University of Johannesburg (UJ) and Johannesburg Central College, providing investors with exposure to a resilient and well-supported student accommodation market.
This newly developed building has been constructed to a high standard and is presented in excellent condition throughout. Set on a 991sqm erf with an impressive Gross Lettable Area (GLA) of approximately 7,626sqm, the property comprises 133 self-contained apartments, accommodating a total of 260 student beds, together with five ground-floor retail shops that provide additional income diversification.
Designed to offer a modern student living experience, the development features a comprehensive range of on-site amenities including:
Study centre
TV and games room
Fully equipped gym
High-speed Wi-Fi
Secure on-site parking
Professionally managed facilities
The accommodation mix consists of:
15 single-bed units
108 two-bed units
9 three-bed units
1 caretaker's unit
Current rentals are structured as follows:
Single-bed accommodation: R4,940 per bed
Two- and three-bed accommodation: R4,693 per bed
The property is 100% occupied and currently generates an impressive Gross Monthly Income of approximately R1,276,192, offering immediate, secure cash flow from day one.
Purpose-built, fully operational student accommodation assets of this calibre are seldom available to the market. Combining modern construction, NSFAS accreditation, excellent occupancy, diversified income through retail, premium student amenities, and a prime location within Johannesburg's leading student accommodation hub, this represents an outstanding investment opportunity for institutions, property funds, and private investors seeking long-term income growth and capital appreciation.
Key Investment Highlights
Prime corner position in a highly sought-after student accommodation node
Fully NSFAS accredited with links to UJ and Johannesburg Central College
133 self-contained apartments accommodating 260 student beds
Five income-producing ground-floor retail shops
Newly developed, modern building in excellent condition
Erf size: 991sqm
GLA: Approximately 7,626sqm
Fully let with strong occupancy history
Gross Monthly Income: Approximately R1,276,192
Comprehensive student amenities including study centre, gym, TV/games room, Wi-Fi and parking
Rare institutional-quality investment with strong long-term income fundamentals
Features
Building Name
Remington House
Zoning
Mixed Use
Title
Freehold
Interior
Power (3 Phase)
Yes
Exterior
Security
No
Parking Bays
Basement Parkings
10
Sizes
Floor Size
7,626m²
Land Size
991m²
Extras
Accommodation; ADSL; Secure Parking; Modern; Water Tank; Borehole
