Property description

An exceptional commercial investment opportunity awaits in Hectorton, Randfontein, presenting 'The Village Accommodation,' a purpose-built facility designed for high-density living. This property, spanning a 776 sqm floor area on a 991 sqm erf, is strategically positioned within a metropolitan area, ideal for student or worker housing. The facility features 48 individual accommodation rooms, supported by comprehensive communal amenities. A large, well-equipped communal kitchen includes multiple electric cooking hobs and a double stainless steel sink. Four communal washrooms offer multiple shower stalls and basin fixtures, designed for durability and ease of maintenance. Functional lighting and essential fire safety equipment are integrated throughout the interior hallways. Each unit benefits from individual digital electricity meters, simplifying utility management and billing. Externally, the property boasts a spacious paved courtyard, providing 20 dedicated parking bays and versatile outdoor space. A covered outdoor seating area offers a communal spot for relaxation. Enhanced security features include robust high fencing, visible window bars, and an electric fence, collectively ensuring privacy and safety for all residents. The building's distinctive grey and red facade contributes to its identifiable presence. This commercial offering represents a compelling prospect for investors targeting the accommodation sector. Its established infrastructure and high-capacity design make it perfectly suited for student lodging, contractor accommodation, or similar high-occupancy models, promising a consistent rental income stream in Randfontein. Key Features: * 48 Accommodation Rooms * 4 Communal Bathrooms * 1 Communal Kitchen * 20 Parking Bays * 991 sqm Erf Size * 776 sqm Floor Size * Paved Courtyard * Security Fencing & Window Bars * Individual Electricity Meters * Covered Outdoor Seating