Description

Accepting Offers. DESCRIPTION: Perfectly located just off the main road within the established student accommodation precinct, this property is ideally positioned close to UCT and within walking distance of CPUT Mowbray Campus. It is situated directly opposite a UCT student residence, making it highly attractive for student rentals. Property Features: • 8 Spacious 2-bedroom apartments (easily convertible to 3-bedroom units) • Large balconies in each apartment • Individual electricity and water meters per unit • Well-configured layouts with strong rental potential • The property requires TLC, presenting an excellent value-add opportunity. Upside & Income Potential: • Total of 16 bedrooms • Market-related rental for renovated rooms in Mowbray: ±R7,500 per room • Projected gross rental income: ±R120 000 per month Ideal For: • Student accommodation investors • Buy-to-renovate and hold strategies • Investors seeking strong cash-flow assets in a high-demand node DETAILS: • Erf no: 28647, Cape Town • Erf size: 649m² • Zoning: General Residential 4 DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.