R2,295,000 with a R22,000/month rental income!

Tweespruit - Stellenbosch

4-Bed & 4-Bath

Purpose Built Student Accommodation In Stellenbosch

INVESTMENT SUMMARY

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Why Invest?

location location location

This established student estate is situated right next to Welgevonden Estate and Nuutgevonden as you enter town on the R44 and collectively forms one of the largest private students hubs in Stellenbosch.
The 900 square kilometres Stellenbosch municipal area is internationally renowned for its beautiful environment, many places of interest, wine farms, street cafes, restaurants, quality wines, historical buildings and excellent educational institutions.
The major portion of the area is utilised for agriculture (mainly wine production) and it includes the towns of Stellenbosch, Franschhoek and settlements such as Klapmuts, Koelenhof, Kylemore, Johannesdal, Pniel, Jamestown and Raithby.
Stellenbosch town is 50 km to the east of Cape Town and is – after Cape Town – the oldest town in South Africa.
The name ‘Stellenbosch’ is almost synonymous with the wine industry. Not only does it have the oldest wine route in the country, and arguably the most famous, but the town has one of the most modern experimental wineries in the world, and the only viticultural and oenological department in the country at its university.
South Africa’s oldest music school, the famous Stellenbosch Conservatoire, has its home in this important cultural centre, and there is a collection of galleries and museums housing national and international art collections worth viewing.
For the nature lover there are a number of excellent hikes in the Jonkershoek Nature Reserve. The full-day Vineyard Hiking Trail, a fairly new 24 kilometre long trail, starts on the slopes of the Papegaaiberg and winds its way through vineyards, forests, olive groves and coastal renosterveld.
Very few know that Stellenbosch actually hosts more than 16 international learning institutions and universities, including the world renowned Stellenbosch University, providing both in class and online education.
Stellenbosch University can accommodate about 6 500 students in approximately 31 university residences and other university accommodation on the Stellenbosch Campus. In 2019, the University received 42,000 applications.

The site comprises of 70 erwen of which 80% is constructed.

Purpose built for students with 4 en-suite bedrooms, communal living space, off street parking and fast internet.

Value Adding Features

This development holds strong appeal for property investors looking for cash flow positive buy-to-let investment opportunities in the Cape Town surrounding area and thriving Southern Suburbs rental market.

When is this Property Cash Flow Positive?

Deposit Needed at List Price

R20,000

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