Chance to invest in student accommodation in Belhar

RAWSON Auctions Western Cape will be selling student accommodation in Belhar on February 23 at noon.

The 331m² property on Primrose Street has an 11-bedroom, two-storey home and a separate self-contained flatlet.

The ground floor has three bedrooms (one en suite); a bathroom; a lounge and dining area and a modern kitchen with built-in cupboards and granite tops and splashbacks.

On the first floor there are eight bedrooms (two en suite), used as student accommodation, in addition to three kitchens and two bathrooms.

The flatlet has a bedroom, bathroom and kitchen.

The dwelling has a garden, a braai area, fitted gym, parking for two vehicles and a garage for another two vehicles. The garage and the main gate are remotely accessed.

The student accommodation on the first floor of the house will be sold as a going concern.

The house has easy access to UWC and CPUT, as well as main arterials such as the R300 and

M12. It’s a short drive from Bellville and close to amenities such as shopping centres, entertainment venues, places of worship and restaurants.

“In total, this property can easily generate R44 000 per month in rental income. The current leases in place are verbal, on a month-tomonth basis, with a one-month exit clause,” says Tanya Jovanovski, Rawson Auctions Western Cape franchisee.“This is a fantastic investment opportunity. Student accommodation is always sought-after, especially when it’s located so close to CPUT and UWC.

“In fact, this accommodation is already being let. The ground floor can also be converted to house more students if the buyer sees fit.”

Rawson Auctions has a bidding platform at onlinepropertyauctions.co.za. Bid online, by pre-auction offer or on the phone. Contact the team at auctions.info@rawson.co.za or 079 980 3457.

For more about the property contact Walter Hansby at 082 907 2333, Isaac Masudi at 061 097 1873, or Tanya Jovanovski at 082 411 9599. |

THE PROPERTY in Belhar up for auction by Rawson on February 23.