NEW
SOLE MANDATE
Web Ref JRL44066
R4,500,000
Monthly Bond Repayment R44,927.09
Calculated over 20 years at 10.5% with no deposit.
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Monthly Rates
R776.94
R776.94
Exceptional Investment Opportunity – Prime Student Accommodation in Salt River
Situated in the heart of Salt River, this well-located property presents an outstanding opportunity for investors looking to renovate and unlock its full potential. While the property is currently in need of significant refurbishment, its size, location, and layout make it an ideal candidate for student accommodation, workforce housing, or rental income generation.
The property comprises 12 spacious rooms, 2 communal kitchens, and 4 bathrooms in total:
Upstairs: 3 rooms serviced by 1 bathroom (shower and toilet), a kitchen, a small TV room, and access to an upstairs balcony.
Downstairs: 9 rooms serviced by 3 bathrooms (each with a shower and toilet) and 1 communal kitchen.
The property is in a neglected condition and requires extensive renovation throughout. However, it offers an excellent opportunity for investors or developers to restore and modernise the property into a high-yield rental investment.
Ideally positioned overlooking Voortrekker Main Road, the property benefits from excellent visibility and accessibility. It is within walking distance of the new MyCiTi bus route development, Salt River Railway Station, as well as major taxi and bus routes, ensuring convenient public transport access.
The property is also strategically located close to schools, universities, hospitals, retail outlets, shopping centres, and the Cape Town CBD, making it highly desirable for both students and working professionals.
Further enhancing its appeal, the property enjoys scenic views of Devil's Peak, Table Mountain, and Lion's Head, providing a unique setting in one of Cape Town's most sought-after investment locations.
Whether you're looking to renovate, redevelop, or expand your investment portfolio, this property offers exceptional potential for those with the vision to transform it into a thriving income-generating asset.
Artist's impression of a potential renovation.
The property comprises 12 spacious rooms, 2 communal kitchens, and 4 bathrooms in total:
Upstairs: 3 rooms serviced by 1 bathroom (shower and toilet), a kitchen, a small TV room, and access to an upstairs balcony.
Downstairs: 9 rooms serviced by 3 bathrooms (each with a shower and toilet) and 1 communal kitchen.
The property is in a neglected condition and requires extensive renovation throughout. However, it offers an excellent opportunity for investors or developers to restore and modernise the property into a high-yield rental investment.
Ideally positioned overlooking Voortrekker Main Road, the property benefits from excellent visibility and accessibility. It is within walking distance of the new MyCiTi bus route development, Salt River Railway Station, as well as major taxi and bus routes, ensuring convenient public transport access.
The property is also strategically located close to schools, universities, hospitals, retail outlets, shopping centres, and the Cape Town CBD, making it highly desirable for both students and working professionals.
Further enhancing its appeal, the property enjoys scenic views of Devil's Peak, Table Mountain, and Lion's Head, providing a unique setting in one of Cape Town's most sought-after investment locations.
Whether you're looking to renovate, redevelop, or expand your investment portfolio, this property offers exceptional potential for those with the vision to transform it into a thriving income-generating asset.
Artist's impression of a potential renovation.
Features
Pets Allowed
No
Interior
Bedrooms
12
Bathrooms
4
Kitchen
2
Reception Rooms
1
Furnished
No
Exterior
Security
No
Pool
No
Scenery/Views
Yes
Sizes
Floor Size
282m²
Land Size
298m²
