Properties on Auction on 23 March 2017 Summer Place, 69 Melville Road, Hyde Park

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Brand New Student Accommodation - Wellington

 
Address:
Unit 7, 8 & 9 Charon Square,Off Bain Street
Suburb:
Wellington
Province:
Western Cape
Country:
South Africa
Web Ref:
107018
Opening Bid:
R1,500,000.00
Description:
Brand new student accommodation
3 x 3 Bedroom double storey units (SOLD AS 1 LOT)
106m² each
Each unit has 2 upstairs bathrooms, open plan kitchen & lounge area, exterior patio with braai and outside area for washing lines
1 Garage & 1 open parking per unit
These 3 units are part of a gated 10 unit complex, in the historical center of Wellington and they are currently vacant.
However, being adjacent to Cape Peninsula University of Technology, they are in high demand, as there is a significant shortage of student accommodation in Wellington and surrounds.
A head lease with the CPUT is potentially negotiable.
The anticipated gross yield for the three units is R 342 000 p/a

Auction Details

Date:
23 March 2017
Time:
12:00
Venue:
Summer Place, 69 Melville Road, Hyde Park

Sales Executives

Name:
Ripley Evans
Mobile:


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