Quay 1 International Realty proudly presents this lucrative investment opportunity that combines modern comfort with affordability!
On offer is a prime property featuring 17 bedrooms, perfectly suited for student accommodation. This centrally located gem is not only a sound investment but also a sought-after housing option year-round.
Key Features:
1. Central Location: Situated in a leafy green Rondebosch pocket, this property enjoys proximity to major educational institutions, making it an ideal choice for students seeking convenient housing options. Within walking distance to the UCT campus and the Rondebosch shopping precinct.
2. Modern and Comfortable: The property boasts contemporary design and furnishings, ensuring students enjoy a comfortable and stylish living experience. Each bedroom is thoughtfully designed to provide a cozy, light and positive atmosphere.
3. Affordable: Offering competitive rental rates, this accommodation is attractive to budget-conscious students and parents alike. This affordability ensures high occupancy rates throughout the academic year.
4. Excellent ROI: With its strategic location, modern amenities, and competitive pricing, this property offers an exceptional return on investment. Expect consistent rental income and impressive long-term growth potential.
5. Airbnb Friendly: Beyond student accommodation, this property is Airbnb-friendly, allowing for seasonal rentals during academic breaks, conferences, and events. Maximize your earnings with flexible leasing options.
6. Ample Parking: A standout feature of this property is the generous parking space available, a rare commodity in many urban areas. This amenity enhances its appeal to both residents and guests.
7. Safety: Safety is a top priority, and this property is equipped with modern security systems, ensuring peace of mind for both tenants and investors.
Investment Details:
Total Bedrooms: 17
Property Type: Multi-unit student accommodation
Current Occupancy Rate: High
Potential for Rental Increases: Yes
Airbnb Income Potential: Yes
Parking: Ample space
Security: Modern surveillance and safety features
The building consists of 3 units.
Unit 1 - Ground floor unit consisting of
5x Bedrooms
2x Bathrooms
Shared kitchen, lounge and living area
Fully furnished
Dedicated pre-paid metre
Unit 2 - First-floor duplex consisting of:
6x Bedrooms
3x Bathrooms
Shared kitchen, lounge and living area
Fully furnished
Dedicated pre-paid metre
Unit 3 - First-floor duplex consisting of:
6x Bedrooms
3x Bathrooms
Shared kitchen, lounge and living area
Fully furnished
Dedicated pre-paid metre
Why Invest Now?
Steady Demand: The demand for quality student accommodation in this central location remains consistently high, ensuring a stable income stream.
Strong Growth Potential: As the city continues to expand, property values in this area are poised for appreciation, guaranteeing long-term capital growth.
Proven Track Record: This property has a history of strong rental performance, making it a reliable investment option. (Currently achieving +- R100 000 per month, R1,200,000 per year gross income)
Diversify Your Portfolio: Diversifying your investment portfolio with real estate in a thriving student housing market is a smart financial move.
Don''t miss out on this rare opportunity to own a centrally located, modern, and profitable student accommodation property. Contact us today to schedule a viewing and explore the full potential of this investment gem. Secure your financial future with a wise investment in this highly sought-after property!
Size: 373 SQM
Rates: +/- R4500
Parking: 8x Secure parking bays
Asking Price: R12,995,000
Key Property Features
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