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Bidding Starting for UJ-Accredited Student Accommodation

Park Village Auctions has announced an auspicious auction of a four-storey apartment
building currently accredited as student accommodation by the University of Johannesburg
(UJ).
According to PVA Director Clive Lazarus, the sale represents a favourable investment
opportunity as high demand—in metropolitan areas, mainly—has made student
accommodation one of the most resilient property investments in South Africa.
“Student accommodation sees an average 90% occupancy, and the shortage in supply
further increases demands, which is why this sector consistently outperforms others,” Clive
explains.
Clive adds that the property in question, “Cherbourg” Apartment Building, number 50 Fuller
Road, Bertrams, Johannesburg, is a case in point with only 4 vacancies out of its
approximate 108 beds. While not guaranteed, the students currently occupying the building
are funded by NSFAS.
The four-storey residential apartment building comprises 12 three-bedroom, 8 two-bedroom,
and 6 single-room flats, a social room, a laundry room, a general storeroom, nine basement-
like parking bays, and three open parking bays.
Each three- and two-bedroom unit contains a kitchen, bathroom and toilet, while the single-
room units contain a kitchenette and share a communal bathroom. The bedrooms are fitted
with two single beds and a desk each. Standing fridges and stoves are supplied in the
kitchens, the bathrooms boast standard sanitaryware, and the laundry room is fitted with a
washing machine and dryer.
Other fittings include fingerprint access control, a turnstile pedestrian gate, CCTV cameras,
and Wi-Fi (available as an add-on service).
Cherbourg apartments are located only a stone’s throw from the UJ Doornfontein Campus,
with transport offered as another add-on service. Nearby institutions, facilities and amenities
include Central Johannesburg College of Education, Emirates Airlines Ellis Park Rugby
Stadium, the City of Johannesburg Athletics Stadium, the Ellis Park Sports Ground and
Olympic Swimming Pool, the Johannesburg Art Gallery and the popular Mabobeng Precinct.
The auction will take place via Webcast (online auction) from 50 Fuller Road, Bertrams, at
11 am on Tuesday, the 23 rd of April.
Viewing is available strictly by appointment only. To book, please contact Debbie Scholes on
011 789 4375 or auctions@parkvillage.co.za. Visit Web reference 1507 at
www.parkvillageauctions.co.za for more information and a full property information pack.

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