960 m² Commercial space in Salt River

Prime Investment Opportunity: Spacious 42-Room Student Accommodation Near UCT & CPUT

This well-established student accommodation property offers 42 rooms with the capacity to house up to 60 students comfortably. Featuring two fully equipped kitchens, two communal lounge/TV areas, and two laundry facilities, the building is designed for optimal student living.

Key Features & Services:

NSFAS accreditation, ensuring steady demand from students funded by the National Student Financial Aid Scheme

Currently housing students from the University of Cape Town and Cape Peninsula University of Technology

Excellent location within close proximity to UCT, CPUT, main bus routes, train station, highways, shopping malls, and St. Peters Square

Potential to convert into backpacker accommodation, expanding income opportunities

Strong income potential of approximately up to R5,800 per student per month

Security & Safety:

All communal areas and the exterior of the building are monitored by CCTV cameras for enhanced safety

24/7 private security ensuring a secure living environment

Live-in caretaker available for after-hours emergencies

Staff and students access the property via a biometric system with facial recognition for controlled and secure entry

This property is ideal for investors seeking a high-yield asset in a sought-after student hub with guaranteed occupancy, excellent security, and easy access to essential amenities and transport links.

Contact now to secure this exceptional investment in Cape Towns thriving student accommodation market!