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Wellington Central, Wellington Central, Wellington, Western Cape
R 3 699 000
An excellent investment opportunity in the heart of Wellington, ideally positioned for student accommodation with an established rental income already in place. This property is currently operating as student accommodation, generating a confirmed income of R30,300 over a 10-month period (February to November), in line with the academic year. Students typically vacate during December and January, allowing for maintenance or alternative short-term use. In addition, the separate 3-bedroom house on the property presents a fantastic opportunity to expand the existing setup. With minimal adjustment, it can be utilized for additional student accommodation, with a potential income of approximately R24,000 over 10 months. Call to book a viewing now!
Estimated monthly repayment
R 34 931
on a R 3 329 100 bond over 20 years at 11.25%
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Wellington Central, Wellington Central, Wellington, Western Cape
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Listed by
Thabo Jones
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