STUDENT COURT makes its mark

PARK Village Auctions will shortly present an outstanding opportunity in the burgeoning market for students' accommodation in the Johannesburg CBD. "Student Court" at 68 Nugget Street, corner Pritchard, comes up for auction on Thursday at 11am at the Wanderers Sports Club, 21 North Street, Illovo.

PARK Village Auctions will shortly present an outstanding opportunity in the burgeoning market for students' accommodation in the Johannesburg CBD. "Student Court" at 68 Nugget Street, corner Pritchard, comes up for auction on Thursday at 11am at the Wanderers Sports Club, 21 North Street, Illovo.

The building, zoned "general", has high-tech bio-metric (fingerprint ID) access control and 24-hour security. It has recently had new lifts installed and been completely refurbished.

It offers excellent student accommodation as well as a games village, supermarket, takeaway and hairdressing salon on the ground floor, says PVA's Lawrence Wulfsohn.

Importantly, it's close to numerous other amenities and the new Rea Vaya Bus Rapid transport system and within easy reach of Wits and the University of Johannesburg.

The apartments are self-contained and there is a choice of 12 singles and 54 doubles. The singles include one bed, kitchen, full bathroom, cupboard space and desk and chair. The doubles have two beds.

Rental income (gross) is R275320 per month and there is potential for adding a further 46 beds to boost this by another R87400 a month.

During the World Cup any empty room can be let out at R500 a day, says Wulfsohn. "This is an incredible opportunity."

For information contact 082-828-2323 or www.parkvillageauctions.co.za

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