Property description

An excellent investment opportunity in Morningside, this well-established student accommodation property is now available for sale. It spans three consolidated properties and is fully operational with a secure, long-term contract in place.

Property Overview:

• Accommodates approximately 115 students
• 65 rooms, 47 Showers
• Communal Bathrooms and ensuite bathrooms
• Current 3-year contract with NAFSIS, generating a stable monthly income (R4,693 per student)

Accommodation Options:

• One- and two-bedroom units with en-suite bathrooms
• Single and double rooms with shared bathroom facilities
• Four fully equipped communal kitchens
• Comfortable outdoor relaxation area

Features & Amenities:

• 24-hour security for peace of mind
• Shared kitchen and laundry facilities
• Safe, well-maintained living environment
• Convenient access to public transport and major roadways, including highways

Located close to Windermere Road and the vibrant Florida Road precinct, this property is perfectly positioned for student living with easy access to shops, restaurants, and transport routes. This is a rare opportunity to acquire a high-yielding, turn-key student housing investment in one of Durban’s most desirable suburbs.

Why Invest in Student Accommodation in Durban?

Investing in student accommodation in Durban presents a compelling opportunity, driven by a consistently high demand for quality student housing. Research highlights a substantial shortage of student beds in KwaZulu-Natal, with many students currently residing in conditions that are not conducive to academic success.

In response to this growing demand, significant developments are underway — most notably the R800 million Thrive Student Living project, which aims to deliver 2,400 student beds near the University of KwaZulu-Natal's Howard College campus by January 2027. This initiative underscores the market’s recognition of the acute need for well-managed student housing in the region.

The persistent undersupply, combined with large-scale developments, affirms the strong and sustained demand for student accommodation in Durban.

With an established operation, secured lease agreements, and a proven income stream, this property offers investors a turnkey solution with stable, predictable returns.

To ensure a seamless acquisition process, we recommend engaging with legal professionals experienced in Durban’s real estate sector to navigate regulatory requirements and optimize your investment.