Brand new student accommodation
3 x 3 Bedroom double storey units (SOLD AS 1 LOT)
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