The opportunity is made up of two properties, known as Bertian and Fernette, both located in Bloemfontein.
Bertian is an 8 storey secured building located in Willows, Bloemfontein.
Fernette is a 7 storey sectional title building located in Bloemfontein Central. The ground floor is shared with Imperial Group, running a branch of Auto Pedigree.
- Total of 403 beds across both buildings
- Caters for NSFAS approved students
- Net operating income of R4,169,595 per annum
- Combined selling price of R32,000,000
- Asking yield of 13%
The area around the two buildings is shared with a number of tertiary education institutions which include but are not limited to:
- City View College
- Damelin College
- Bolton College
- Whitestone College
- Jeppe College
- Boston City Campus
- Motheto Tvet College
- Central University of Technology
- Pearson Institute of Higher Education
- Midrand Graduate Institute
- Free State School of Nursing
- University of the Free State
