North Suburbs, Cape Town | Going Concern | R18,500,000
An exceptional opportunity to acquire a fully tenanted 48-bed student accommodation business situated in the heart of Cape Town's northern suburbs – a prime location close to several major tertiary institutions (Northlink College, Tygerberg Campus, CAPUT, Stadio, Edufos).
This well-established, fully managed operation spans three buildings across two adjacent properties, both of which are included in the sale. The portfolio is mortgageable and delivers strong, consistent returns.
Property & Facilities:
48 student beds:
20 shared rooms
8 single rooms
All rooms are fully furnished
Four communal kitchens – fully fitted and well-equipped
Laundry room with appliances
2 flatlets for live-in matrons
Secure premises with after-hours security in place, CCTV camera and security fence
Operational Highlights:
100% occupancy – all beds currently tenanted with a waiting list
Business operated as a going concern, with:
On-site matron and support staff
Transportation shuttle system in place
Established operational systems and procedures
Popular with students attending nearby colleges, with strong referral and rebooking rates
Financial Snapshot:
Net Operating Income (NOI) for 2025: R1,863,800 p.a.
Selling Price: R18,500,000 (includes both properties and all business assets)
Further Information
Full financials, rental roll, and operational details will be made available upon signature of a Non-Disclosure Agreement (NDA).
