FANTASTIC INVESTMENT OPPORTUNITY – HESITATE & MISS

Description

*EXCLUSIVE SOLE MANDATE* Seeff Wellington proudly presents this exceptional investment property on an Exclusive Sole Mandate. Situated directly opposite the CPUT Wellington Campus, The Palms Student Complex offers investors an outstanding opportunity to acquire a fully tenanted, income-generating property in one of Wellington's most sought-after student accommodation locations. Unlike a traditional student house, The Palms is a well-designed student complex comprising of separate houses spread across two adjoining erven, each with its own title deed. The properties are being sold together as a single investment. The Complex Offers: * 22 fully occupied student rooms with existing lease agreements in place. * Three self-contained one-bedroom flats, each featuring a private bedroom, bathroom, kitchen, and lounge. * The remaining houses comprise three to five bedrooms, with one or two bathrooms, spacious lounges, and fully equipped kitchens. Most of the students rooms are furnished with: * Single bed and mattress * Cupboards * Study desk * Chair For added convenience, the communal areas are well equipped: * Comfortable lounge furniture in most houses * Kitchens fitted with a refrigerator, microwave, two-plate stove and oven, and a washing machine. The property currently generates a net rental income of approximately R79,800 per month, providing an excellent return on investment. Security has been carefully considered, with: * Fully enclosed premises * Two automated access gates * Security gates and burglar bars * CCTV surveillance monitored remotely via cell phone The beautifully maintained garden creates an attractive living environment for students, while a well-point supplies water for the expansive lawns and landscaped gardens. What truly sets this investment apart is its unbeatable location—literally just across the road from CPUT—combined with its high rental income, secure environment, and significant future development potential. The layout of the two erven offers exciting expansion opportunities, making this an investment that can continue to grow in value. Investment opportunities of this calibre seldom become available. Secure this exceptional income-producing property today. Disclaimer: All descriptions, whether digital or printed, represent the professional opinions of Seeff and its employees, based on information provided by the seller. Prospective buyers are advised to view the property personally to form their own conclusions. While we strive for accuracy, all measurements, dimensions, and floor plans must be independently verified before entering into any financial commitments. Seeff has not tested any services, appliances, or heating/cooling systems; therefore, we give no warranty or guarantee regarding their working order.

Features

Accommodation

Yes

Built in Wardrobes

Yes

Burglar Bars

Yes

Communal Braai Area

Yes

Curtain Rails

Yes

Electric Gate

Yes

Garden

Yes

Open Plan Kitchen

Yes

Residential

Yes

Secure Parking

Yes

Security Gate

Yes

Student Accommodation

Yes

Tiled Floors

Yes

Totally Fenced

Yes

Washing Machine Connection

Yes

Wooden Floors

Yes

Fridge

Yes

Storeroom

Yes

En Suite

Yes

Shower, Toilet and Basin

Yes