2 Bed Apartment in La Colline

R 1 200 000

Vanessa Johnson

Pam Golding Properties-Stellenbosch

2 Bed Apartment in La Colline

R 1 200 000

2 Beds
1 Baths
Floor Area 57 m² Rates R 262 Levy R 1620

Golden opportunity to invest. Stellenbosch lies at the heart of the Western Capes wine industry and play an important role in South Africas tourism sector. Stellenbosch is the second oldest town in South Africa and is well-known for its cultural and heritage attractions. Stellenbosch is also a renowned university town. Historically, residential properties in student towns around the world achieve higher capital growth compared to the national average. This is due in part to the impact that the influx of students has on the local population, which in turn fuels sustained rental demand. The steadily increasing student population is one of the major driving forces behind Stellenboschs thriving local economy and resilient residential property market. With Stellenbosch University unable to house all of its students in official residences, there is always a demand for private accommodation particularly sectional title units close to campus. With demand for accommodation a prevailing need in Stellenbosch for more than a century, property that caters for this captive market is a perennial investment opportunity. The student housing market has the added advantage of being a defensive sector, as it typically remains steady even if the economy is under pressure as students continue with their studies even during economic downturns.

Vergezight is located within only a 5 min drive from the town centre, the University of Stellenbosch as well as the popular Engineering Faculty. Due to its proximity to all amenities, Vergezight is popular amongst students, young professionals as well as some owners occupying their units themselves. Security offers a 24-hour guard on-site and an electric fence. This unit is neat and tidy, well looked after. It offers 2 bedrooms, a bathroom, open plan kitchen and living room, with a private east-facing balcony that captures the morning sun. Included is a parking bay within this secure complex plus the apartment is semi-furnished with extras such as a fridge/freezer, microwave, tv, DSTV decoder, radio, beds in both bedrooms and a few other items. Not many 2 bedroom apartments for sale in this price range and specifically with this location and distance from Varsity buildings and amenities, as mentioned. Perfect opportunity to purchase this property for own occupation as the unit is available immediately which means your accommodation is sorted for 2021 onwards. If buying as an investment to rent out, our interest rate is at its lowest, therefore a golden opportunity to invest now.

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Key Property Features

2
Bedrooms
1
Bathrooms
1
Lounges
Access Gate
Balcony
BIC
Electric Fencing
Fenced
Kitchen
Scenic View

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2 Bed Apartment in La Colline

R 1 200 000

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