Apartment For Sale in Aan de Wijnlanden Stellenbosch Western Cape

Aan de Wijnlanden, Stellenbosch, Western Cape

Apartment

ZAR 955,000

• 2 bedrooms
• 1 bathrooms

Fully Furnished Multi-Let Student Digs | Turnkey Operation | +- R6,000 Positive Cash Flow Potential This 2-bedroom apartment is fully equipped to accommodate 4 students (4 beds, 4 desks, and basic furniture included). The figures: Currently rented at R10,000 p.m. (2 beds rented, 2 still available). If the other 2 beds are filled, rent could increase to +- R18,000. As is: gross yield +- 12.24%, net +- 9.5% (excludes appreciation & bond principal repayments, this is only rental yield). Add 2 students and your yield jumps — gross +- 22%, net +- 19.34%. The apartment features granite countertops and a solar geyser. The block offers 24/7 on-site security, 2 pools, family areas, biometric access, electrified perimeter, and CCTV monitoring. Points of interest: Shuttle service to universities, walking distance to the train station, and a new shopping centre and hospital under development within 4 km. Notes on the deal: All basic furniture included Students are under sponsorship (rent paid every 3 months) No deposit; landlord covers electricity (factored into net yield) Can be rented normally for R10,000 – R12,000 if student model not preferred