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R 11 495 000 (660 632 EUR*)

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3
1
± 802 m2
R 783  / m

One of a kind student accommodation opportunity

Welcome to your brand new opportunity to own a whole block of flats used for student accommodation in the heart of Upper Rosebank.

The name of the game with this wonderful building is LOCATION LOCATION LOCATION! Being less than a kilometer away from both UCT and Varsity college as well as on a Jammie shuttle route and every kind of shop a student could need , therefore these apartments scream convenience to any prospective student. Currently there are some leases in place until the end of 2021, the rest are currently on a month-to-month basis.

The block consists of 8 units all owned by one family which vary in size from 53m2 to 68m2 to 96m2 with some being 2 bedrooms and others 3 bedrooms. Each room offers an exceptional amount of space both in height and width. The opportunity also has plans to add an extra floor above which would both revamp the building as well as add 4 more potential rental options. Outside the property we found some parking off street locked behind a security gate.

Because each unit has its own separate title, 8 different offers will have to be made which means that transfer duty will be significantly reduced.



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