Ridgemont Residence offers a unique blend of a fully renovated existing building and a newly constructed block of apartments, designed to meet the highest standards of student accommodation. This premier property ensures comfort, security, and convenience for its residents.
Key Features:
High-Quality Construction:
- Both the renovated and newly built sections are crafted with top-tier materials to ensure durability and comfort.
Security:
-The property is equipped with biometric access, an electric fence, 24 security guards, and 82-channel continuous CCTV monitoring, ensuring a safe environment for all residents.
Fully Furnished Rooms:
As part of the sale, Each room includes a comfortable bed, lock-up wardrobe, study desk with chair, bookshelf, and a fridge/freezer.
The Ridgemont Residence accommodates a total of 406 students, 30x1 Sleeper bedrooms, 176 x2 Sleeper bedrooms, 8 x3 Sleeper bedrooms.
Modern Kitchens:
- Kitchens are fitted with a 4-plate hob, microwave, double-bowl sink, and lock-up cupboard.
Common Areas:
- Designated study rooms, TV/common rooms with large flat-screen TVs and DSTV channels, and a washing area with 6 washing machines, 6 tumble dryers, 6 wash troughs, and ample washing lines.
This Property is a great investment for student accommodation/property investors:
- A new 2-year lease is set to commence in 2025 and run until the end of 2026 (Which can be renewed thereafter).
- The residence has been awarded an "A" grade status, reflecting its superior quality and management.
- The property offers excellent monthly income potential, with financials and relevant statements available to buyers.
Invest in Ridgemont Residence and secure a high-quality, profitable student accommodation property in the heart of Montclair, Durban.
The building can also be converted to family units and comes with plans.
Fractional share ownership opportunities are available.
If you need any additional details or set-up a viewing, feel free to contact me!