4 Bedroom Apartment Sold in Rondebosch Village
R2,800,000
Monthly Bond Repayment R28,426.41
Calculated over 20 years at 10.75% with no deposit.
Prime Student Accommodation Investment Opportunity
Now is the ideal moment to step into the student accommodation sector! The demand is soaring, and rental income is rock-solid. This presents an outstanding investment opportunity. Tenants signed up for 2025 at R28000pm.
Nestled within an Art-deco building housing just four units, this apartment is currently configured to give four bedrooms and two bathrooms and is leased at R28,000 per month. You can seamlessly assume the existing tenant leases or choose to renovate and amplify your investment potential.
Its prime location offers proximity to Main Road shops and UCT, making it an attractive proposition. Whether you wish to offset your children's university living expenses or tap into the thriving student housing market, this property is perfectly situated between the railway line and Main Road, within a short, convenient walk to UCT and the bustling Rondebosch shopping district.
This flat boasts breathtaking North West views, and every bedroom features generous windows with captivating vistas of Devil's Peak. The presence of two bathrooms and two secure parking spaces behind automated gates is a significant advantage. The entire property is shielded by electric fencing for added security.
Additionally, the property includes a communal garden area with barbecue facilities for entertaining friends or enjoying your private deck for a tranquil escape.
Features
Bathrooms 2
Recep. Rooms 1
Floor Size 174m²
Carports/Parkings 2
Monthly Rates R1,480.00
Monthly Levy R3,045.00
TV Port
Built In Braai
Patio
House Style: Colonial
Unit Style: Penthouse
Views: Mountain
Locality: Close To Schools
Locality: Close To Shops
Locality: Close To Transport
Living Area: Open Plan
Kitchen: Original
Kitchen: Free Standing Stove
Kitchen: Finish
Kitchen Finish: Melamine
Main Bedroom: Double
Main Bedroom: Built-in-robe
Bedroom 2: Double
Bedroom 2: Built-in / Wardrobe
Bedroom 2: Additional Info
Bedroom 3: Double
Bedroom 3: Built-in / Wardrobe
Bedroom 3: Additional Info
Bedroom 4: Double
Bedroom 4: Additional Info
Main Bathroom: Bath
Main Bathroom: Separate Shower
Main Bathroom: Shower Over Bath
Laundry: In Kitchen
Window Coverings: Blinds
Heating / Cooling: Ceiling Fans
Outdoor Living: Entertainment Area
Outdoor Living Entertainment Area: Uncovered
Outdoor Living: Garden
Outdoor Living: Washing Line
Garaging / Carparking: Off Street
Land Contour: Flat
Condition: Fair
Window/door Frames: Timber
Water Supply: Town Supply
Sewerage: Mains
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