Discover an exceptional investment opportunity with this student accommodation property located in the vibrant community of Ilitha Park, Khayelitsha. This property comes with an NSFAS license and is currently accommodating four students, ensuring immediate rental income.
The property features three well-appointed bedrooms, with the main bedroom offering an en suite and comfortably accommodating two students. The other two rooms each house one student, and there is an additional room with a separate entrance outside, also occupied by a student. All residents have access to a shared lounge and a fully fitted kitchen, providing a comfortable living environment.
The carport has been creatively transformed into an entertainment area, enhancing the appeal of the property for students looking for social spaces. Conveniently located close to public transport, this property provides easy access to nearby amenities and educational institutions, attracting students from False Bay College.
With a total monthly income of R22,562.50, directly paid by NSFAS to the landlord, this property presents a financially rewarding opportunity. Each student contributes R4,512.50 per month. The property is being offered at R1,100,000, with a square meterage of 172 and estimated rates of R387.
Don't miss out on this chance to invest in a property that combines both steady income and growth potential. Contact us today for more information or to schedule a viewing.
