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Chance to invest in student housing

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The “digs” on offer are in Deanery Lane and Walker, Boom, West and Pine streets.

Acquiring student accommodation in areas around South African universities is one of the most affordable yet lucrative investments, says David Soutter, chief executive of Reliance Auctions.

The company is offering a large quantity of student housing in Pietermaritzburg – mostly near the University of KwaZulu-Natal – at the Durban Country Club, at 11am on May 30.

The “digs” on offer are in Deanery Lane and Walker, Boom, West and Pine streets.

In Hoosen Haffejee Street, a 94-bedroom student residential complex will be among the properties to come under the hammer.

Soutter says: “With the high cost of education, affordable student accommodation is becoming a priority for students and their parents. The abundance of options we are offering on May 30 is rare, and the fact that most are close to the local university is a plus factor. The lots we are offering will fulfil the needs of students in a city where economic options are limited.

“Students don’t want luxury living or a mansion – just a home away from home within their respective means. This is what this sale offers.

“For owners of student accommodation, the benefits are many – big money cumulatively coupled with a guaranteed assurance of future tenants,” Soutter says.

For more details, call 0827643381 or see www.relianceauctions.co.za.

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