1 Bed Apartment in Stellenbosch Central
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An unique opportunity to own an apartment across from StellenboschUniversity - Vacant Occupation 2024. De Watergracht stands as an exceptionally central and highly sought-after student complex on campus, strategically positioned at the corner of Merriman Avenue and Andringa Street. Its prime location offers immediate access to the Faculty of Arts and Social Sciences, along with adjacent institutions such as the Stellenbosch University Law Clinic, Centre of Journalism and Media Studies, Education, Department of Internal Medicine, Old Main Building (Law), Admin and the Stellenbosch University Library, all within walking distance. The renowned Eikestad Mall is conveniently situated down the road, complemented by the iconic 24-hour BP Garage across the road from De Watergracht, providing unmatched convenience. Operating as an integral part of the Stellenbosch CBD since the 1970s, the Mall boasts a diverse array of shops, including popular tenants like Woolworths, Checkers, Mr Price Home, Clicks, Food Lovers Market, H&M, Typo, as well as various smaller retailers covering fashion, health, beauty, restaurants, fast food, groceries and exclusive office spaces.
Apartments within this coveted vicinity especially one-bedroom units, are exceptionally rare and highly sought after. The preference for one-bedroom apartments is driven by the desire for personal space within close proximity to university facilities, fostering face-to-face academic support. The allure of easy access to classes, participation in student life and the desire for independent living have not diminished over the years. This aligns with the global trend where residential properties in student towns experience higher capital growth compared to the national average. Purchasing a unit in De Watergracht provides parents with a strategic advantage, ensuring accommodation for the duration of their child''s academic journey. Unlike renting, owning a unit guarantees continued accommodation, reinforcing the notion that investing in a Stellenbosch apartment yields substantial returns over the years. The enduring appeal of this historic town ensures a perpetual demand for student housing, making this investment an attractive and lucrative opportunity.
