2 Bed Apartment in West Hill
Secure a High-Return Investment in Student Housing!
This opportunity offers the perfect blend of location and amenities, located just 5 minutes from Rhodes University Theatre. The complex includes 24 well-designed units of approximately 50 sqm each, catering specifically to student comfort and convenience. Key highlights:
Prime Location: First-floor, west-facing unit with views of the Rhodes campus, St. Andrews, and the scenic Makhanda hills.
Modern and Fully Equipped: Two en-suite bedrooms, a contemporary kitchen with a 3-plate gas stove, an additional electric plate, oven, fridge, washing machine, and tumble dryer.
Inviting Living Space: The spacious living area features a sliding door, allowing a refreshing breeze that makes tenants feel right at homeideal for high tenant retention and lease renewals.
Maintenance-Free Interiors: Tiled floors and aluminum windows ensure hassle-free upkeep.
Enhanced Security and Practicality: Secure parking, reliable water tanks, and security services from 18h00 to 06h00 enhance both resident satisfaction and investor security.
Impressive Rental Returns
With rental income projected for 2025 R4630 per month per room, this investment offers excellent profitability in a high-demand location.
Property details
- Listing number T4901366
- Property type Apartment
- Listing date 13 Dec 2024
- Land size 1 374 m²
- Floor size 50 m²
- Rates and taxes R 705
- Levies R 1 685
Property features
- Bedrooms 2
- Bathrooms 2
- En-suite 2
- Lounges 1
- Covered parking 1
- Storeys 2
- Access gate
- Alarm
- Balcony
- Built in cupboards
- Satellite
- Security post
- Kitchen
- Electric fencing