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Student Accommodation Development For Sale

Cape Town, Western Cape, South Africa
Asking Price:
Sales Revenue:
Available on request
Cash Flow:
Available on request

If you are considering investing in rental property, student accommodation offers a great return on investment. Investing in such property can be a profitable venture, and as South Africa is attracting more and more students from all over the world; why not?

This is a unique opportunity to invest in a student residential property development (90% complete) in Cape Town, Western Cape, South Africa.

The development is primarily aimed at local student residential needs offering 1 & 2 bedroom apartments ranging between 27 - 35 square meters. Being positioned within 10km from UCT as well as CPUT this development is poised to capitalize on the very attractive student housing market in the area. The development comprises 4 x floors offering accommodation while the ground floor is dedicated to retail space housing restaurants, supermarket, laundry, ATM, etc.

The Western Cape has seen significant growth in residential property prices during the last few years in excess of numbers seen in other provinces. In many areas, this growth has been driven by student accommodation in light of the multiple well-known tertiary educational institutions in the region.

The seller is inviting offers from R70m offering seller finance for the balance over a period of 10 years. The asking price excludes VAT. On a projected turnover (rental income) of R--- --- per month and overheads of 20%, this development is selling at a yield of 12,0% gross and 9,6% net.

The owner will also consider offers to rent the building @ R600,000 per month with a projected rental income of R850,000 per month, offering an estimated net income of R180,000 per month.

Contact us now for more information about this exciting investment opportunity!

Business Operation

Reasons for selling:

Most South African students attend our public universities and colleges, and these institutions are trying their best to close the gap between the demand for accommodation on their campuses and the available spaces in the official residences. The only alternative for students is to find rental accommodation close by.

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