2 Bedroom Flat for Sale in Glenlilly

Description

‎15.8% NET RETURN FULLY TENANTED WITH R18,300 IMMEDIATE MONTHLY INCOME ‎PRICE ‎Asking Price R1,095,000 ‎ ‎OPERATING COSTS ‎• Levies: R1,600 per month (includes water, sewage and insurance) ‎• Rates: R136 per month ‎• Electricity: ±R1,200 per month ‎Low expense structure ensures strong and consistent investment performance. ‎ ‎LOCATION & DEMAND ‎High-demand multi-campus rental node with consistent student occupancy ‎• Hosts students from CPUT Bellville Campus, Stellenbosch University Medical Campus, Northlink College (Parow, Bellville, and Tygerberg campuses) ‎• Close proximity to educational hubs ensures reliable and ongoing tenancy ‎• Centrally located in Parow with easy access to malls, transport routes, and student shuttle pickup points ‎ ‎DESCRIPTION ‎Fully operational, income-generating student accommodation unit in Glenlilly, Parow. This turnkey investment with four students is sold as a going concern. Secured leases and immediate cash flow from transfer. ‎ ‎This property is producing consistent income with a structured academic leasing cycle. Ideal for investors seeking strong, reliable returns from a proven student accommodation setup. ‎ ‎INVESTMENT OVERVIEW ‎• Fully tenanted 2-bedroom unit with 4 students ‎• Current rental income: R18,300 per month (current academic cycle) ‎• Additional income generated during graduation and holiday periods ‎• Proven annual gross income: ±R208,000 ‎• Net annual income: ±R172,768 | Net yield: ±15.8% ‎• Strong positive cash-flow investment ‎• Immediate income from date of transfer ‎• Established, reliable student accommodation model ‎ ‎PROPERTY FEATURES ‎• Fully furnished (beds, desks, appliances included) ‎• Secure and practical student layout ‎• Parking ‎• Professionally structured student accommodation setup ‎• Turnkey investment requiring no additional setup ‎• Consistent tenant demand annually ‎ ‎BUILDING IMPROVEMENTS ‎• New white aluminium window frames currently being installed ‎• Exterior repaint in modern grey and white ‎• Enhanced exterior security and perimeter improvements ‎• Upgrades improving long-term asset value ‎ ‎Serious investor enquiries welcome. ‎Viewing by appointment. ‎WhatsApp: 061 427 4172 / 081 412 9394