17 Bedroom Freehold For Sale in Rondebosch

Description

An exceptional investment opportunity, this fully let student accommodation property offers a reliable, year-round income stream in a well-designed, purpose-built configuration. The property comprises a single building divided into three self-contained units, providing a total of 17 bedrooms and 8 bathrooms, with each bedroom individually rented on a 12-month lease. The ground floor unit offers a spacious communal kitchen and living area that opens onto a private courtyard with pedestrian access, creating an inviting shared space for residents. This unit is completed by 5 bedrooms and 2 bathrooms. The two upper-level units mirror one another in layout. Each features its own kitchen and living area on the first floor, together with 2 bedrooms and 1 bathroom. Upstairs, each unit offers a further 4 bedrooms and 2 bathrooms, providing generous accommodation while maintaining comfortable communal living. These units benefit from their own dedicated pedestrian entrance, separate from the ground floor access. Vehicle access is provided via a secure main gate leading to a driveway and parking area at the rear of the property, accommodating approximately 5 to 6 vehicles. The property is fully tenanted, with each of the 17 bedrooms generating R8,200 per month on 12-month rental agreements. This results in a gross monthly rental income of R139,400, offering investors an attractive, established income-producing asset with consistent occupancy. Ideally positioned just minutes from the University of Cape Town, the property is perfectly suited to student accommodation. Its convenient location provides easy access to campus, public transport and nearby amenities, making it a highly desirable choice for students and helping to support strong, consistent occupancy throughout the year. VAT is applicable, and is not included in the asking price. Whether you're looking to expand an existing property portfolio or acquire a high-yield investment, this turnkey student accommodation presents an outstanding opportunity to secure a proven income-generating property.