R 7 500 000 | guesthouse property for sale in rondebosch

Student accommodation For Sale in Rondebosch. 2x 5 bedroomed units each with a modern kitchen and 2 bathrooms. 3 self contained flatlets with bathroom and kitchens. Various common area. Modern with high end finishes. Each room is fitted with built in cupboards, desk, chair and bed. Property is fully furnished with new furniture and appliances. Well positioned, within walking distance to UCT and close to the Baxter. A specialist student housing management company manages the entire development. Very low vacancy due to high demand for the units. Current owner will take a head lease on the building until January 2024, if required. Net yield at asking price is 9%. Possible to ZERO rate the VAT on the sale if the purchaser is a VAT vendor. 440m2 Selling for R7 500 000.00 VAT Inclusive.(No transfer duty)