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An ideal opportunity for parents seeking a convenient home for their student or investors looking for an income-generating property close to UCT.
This neat studio flat offers a practical L-shaped living area, allowing the sleeping space to be comfortably tucked away from the main living area. A separate kitchenette and bathroom complete this compact, functional space.
The flat has been freshly painted, and has laminate flooring in the living area and tiled flooring in the bathroom. The bathroom has also been newly renovated and a new shower installed.
Location is ideal, with easy access to the Main Road, the University of Cape Town, Mowbray Station, the Jammie Shuttle and a variety of public transport routes — making this an excellent choice for student accommodation. The building is surrounded by access-controlled fencing.
Currently tenanted, the property generates R84,000 per annum, offering an established rental income from day one.
The lease provides for notice of sale, allowing the property to be transferred with or without the existing tenant, subject to the lease terms and applicable requirements.
Whether you're investing in your future or securing a practical home for your student, this well-positioned studio flat offers convenience, simplicity and income.