R2,995,000
R2,995,000
Monthly Bond Repayment R32,457.03
Calculated over 20 years at 11.75% with no deposit.
Change Assumptions
R1,500
Ideal Investment Opportunity in Prime Student Accommodation
EXCLUSIVE SOLE MANDATE: (Agents please respect the mandate, don't bother the occupants of the property)
Introducing a rare investment opportunity within a Deceased Estate: a 3-bedroom house currently serving as student accommodation. Located in a sought-after area, this property offers substantial rental income potential, with existing rental contracts running until the end of the year. Although not fully let due to the passing of the previous owner, this property presents a unique chance for the keen investor.
Property Features:
* 3 Bedrooms
* 2 Bathrooms
* Spacious Lounge
* Well-equipped Kitchen
* Storeroom at the back of the plot
Additional Highlights:
* Plot Size: 258 sqm
* Adjacent Plot Also for Sale: 456 sqm (offering additional student accommodation)
* Zoning: GR4 (Potential for redevelopment into a block of flats, subject to City of Cape Town approval)
* Convenient Location: Close to Kelvin Grove, Cavendish Square, vibrant restaurants, parks, and major arterial roads
This property, along with the neighboring plot, provides a remarkable opportunity for redevelopment or continued use as high-demand student housing.
Don't miss out on this exceptional investment. For a private viewing or further inquiries, please contact us today.
Seize this chance to invest in a prime location with great potential!
Features
Interior
Exterior
Sizes
Extras
Near Highway • Near Motorway • Near Hospital • Near Public Transportation • Fireplace Room • Near Children's Park • Near Schools • Shower • Near Shops • Garage • Near Railway station • Near Congress-Centre • Fibre • Safe Location • Near Park • En-suite Bathroom • Near Medical Center • Entrance Hall • Near Airport • Near Fitness centre • Washing Facilities(in building) • Near Golf Course • On Quiet Road • Near Shopping Mall • Near University/Campus
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