About this property

95% Complete – Handover and Scale Up for Next Semester Opportunities to secure a purpose-built, high-density residential asset of this scale on Voortrekker Road are incredibly rare. This near-complete 79-bed development is perfectly positioned on Goodwood’s main arterial corridor, custom-designed to tap into the massive, non-cyclical demand from both the student and young workforce sectors in the Northern Suburbs. With the heavy lifting of the construction phase already 95% complete, an incoming investor can focus on the final finishes, branding, and lining up tenants for a highly lucrative launch. The Property Asset Unlike standard block conversions, this building was designed from the ground up for high-occupancy community living, ensuring maximum spatial efficiency and lower long-term maintenance. 79 Private En-Suite Rooms: No shared bedrooms or standard communal bathrooms; every resident enjoys their own space and private bathroom—a massive drawcard for premium rental rates. Turnkey Infrastructure: Secure biometric/access-controlled entry, dedicated internal laundry and utility zones, and heavy-duty internal circulation layouts built for high foot traffic. Built for Community & Focus The layout strike a perfect balance between private living and vibrant communal spaces, aligning with what modern students and young professionals expect: Study & Focus: A dedicated study and computer room offers a quiet environment for remote work and academic prep. Social & Living: Large communal kitchen, dining hall, and a separate tenant lounge/meeting space to foster a great community culture. Convenience: Shared washroom, grooming facilities, and integrated laundry areas. Location & Tenant Demand Drivers Voortrekker Road is the ultimate high-exposure commuter spine of the Northern Suburbs. The property sits squarely within the transit loop of major tertiary institutions and employment nodes: Direct Access to Academic Hubs: Straightforward transport links to Cape Peninsula University of Technology (CPUT) and the University of the Western Cape (UWC) Bellville campuses. Workforce Proximity: Positioned right next to major retail, commercial, and industrial hubs across Goodwood, Parow, and Bellville. Unmatched Transit: Steps away from high-frequency bus and taxi routes, ensuring tenants don't need private vehicles. Projected Financials & Yield Analysis With a target market looking for secure, modern en-suite living, the building offers exceptional yield potential for Cape Town: Estimated Rental per Room: R7,500 – R9,500 / month Projected Monthly Gross Income: R592,500 – R750,500 Projected Annual Gross Income: R7,110,000 – R9,006,000 Indicative Gross Yield: 15.8% to 20% on the asking price Investment Takeaway This is a clean, scalable cash-flow play. Because the development is sitting at roughly 95% completion, the traditional multi-year construction risks, zoning delays, and building material escalations are completely off the table. A short runway stands between final finishes and a high-yielding, income-generating asset. Rates & Taxes: To be finalized upon formal municipal valuation. Viewing & Context: Viewings are strictly by appointment. To protect the developer's timeline and scale of the transaction, proof of funds or a verified investment profile will be requested prior to site visits.