3 Bedroom Apartment in Belhar

Investment Opportunity 3-Bedroom Student Accommodation | Belhar Lofts, Cape Town

This excellent investment property is situated in the sought-after Belhar Lofts, less than 1 km from the University of the Western Cape UWC and the Cape Peninsula University of Technology CPUT, making it highly desirable for student accommodation.

Originally a 2-bedroom apartment, the living area has been converted into a third bedroom, maximizing the property''s rental potential. The unit is currently fully tenanted and operated as student accommodation, generating a gross rental income of R15,000 per month.

Property Features:

- 3 bedrooms converted from the original 2-bedroom layout

- Kitchen with fitted stove and built-in cupboards

- Washing machine connection

- Bathroom with bath, toilet and basin

Security & Amenities:

- 247 manned gatehouse

- Biometric access control

- 1.8-metre Clear View perimeter fencing

- Shared communal kitchen

- Secure and well-managed complex

Financial Information:

- Gross rental income: R15,000 per month

- Rental management fee: 10

- Levies and rates: Approximately R1,800 per month

Whether you''re looking to expand your investment portfolio or purchase a property with an established rental income, this apartment offers an excellent opportunity in a high-demand student accommodation market.