Highlands Lofts Urban Living, nestled in the vibrant city of Johannesburg, offers a modern and dynamic student accommodation experience. Boasting a total of 268 beds, this contemporary living space is designed to cater to the diverse needs of today’s students.
This commercial property is accredited with UJ and NSFAS as a student accommodation provider. It is conveniently located in the Doornfontein precinct, within walking distance of University of Johannesburg Doornfontein campus, Ellis Park and is close to various other institutions.
There are 268 Beds and communal areas, including a lounge, kitchen, laundry. There is ample parking on the property. Security is a main feature of the property with Biometric Access Security, safe parking on the property and 24-Hour CCTV monitoring. This modern facility offers Wi-Fi coverage.
A full-time building manager resides in one of the units. The additional 3 staff members, for maintenance and cleaning, reside on the property in the staff quarters.
The property has a functioning borehole that provides all the water.
Features
268 Bedrooms
Secure Parking
Laundry
Biometric Access Control
24 Hour CCTV
Onsite Caretaker
WiFi throughout the building
Shuttles service
Borehole
Development Details
Stand size: 5984 sqm
Building 1 – 3048.5 sqm
Building 2 – 3282.6 sqm
2 Tripple storey buildings
135 units
123 x Bachelor units of 30 sqm
12 x 1 Bed units of 34 sqm
Every Unit has a kitchen and a bathroom
There are a total of 135 units of which the building manager occupies 1 unit. Therefore 134 units are available for student accommodation. All units have 2 beds per unit.
Current Occupation
208 Students currently
Financial Income
NFSAS pays R5 000.00 per student over a 10-month cycle.
The income is R50 000.00 per student per annum.
At the current occupancy of 208 students, the Gross Annual Income is R10.4 million per annum.
At full occupancy of 268 students, the Gross Annual Income is R13.4 million per annum.
Additional information is available on request, including Plans, Full Zoning, Title Deed, etc.
