A unique investment opportunity in Stellenbosch – one of the oldest student accommodation houses on campus with commercial rights which can be converted into wonderfully located offices. This historical semi-detached double-story Victorian house built circa 1890 is at present rented out to 6 students (6 bedrooms and 3 bathrooms) – generating a monthly rental income of R4 725 per room. It has a front garden area with parking space for 4 cars and a private north facing enclosed back court which is partially under roof and perfect for an outdoor entertainment area. The façade is a declared heritage site.
The property is a street corner building at the end of a Victorian row - each with corrugated iron roof and small central covered gables. Flat-arched 3-pane loft windows flank a hood molding above the 2x2 front door with a 2-pane fanlight. The front and entrance to the house has a hipped verandah on cast iron columns and brackets. The adjacent buildings to the property are either part of the Stellenbosch University or medical rooms.
Location: It is within walking distance to everything Central Stellenbosch and the University of Stellenbosch offers – literally 100m from the Eikestad Mall, 600m from historical Dorp Street, 200m from the Ou Hoofgebou (Faculty of Law) and 500m from the Neelsie Student Centre.
Price: R6 900 000.00
Contact: Anna Wiese - 072 331 1959 (CCH Properties)
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