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2 Gardenia Circle, Levallia, George, Western Cape
R 2 990 000
Joint mandate. An outstanding investment opportunity awaits with this fully occupied student residence, ideally located in the popular and secure suburb of Levalia. Offering excellent rental returns and breathtaking views of the Outeniqua Mountains, this property is perfectly suited for investors seeking a reliable income-generating asset with future growth potential. Designed with student accommodation in mind, the residence features a practical dual-wing layout that comfortably accommodates up to 10 students. The main wing consists of four spacious ensuite bedrooms, with three upstairs rooms large enough to accommodate two students each, while the downstairs ensuite room serves as a private single unit. Residents in this section enjoy access to a communal lounge and fully equipped kitchen. The second wing provides two additional single bedrooms sharing a neat bathroom, creating a comfortable and functional living environment for tenants. With all rooms currently occupied, the property delivers immediate rental income from day one. Adding even greater value, approved building plans are already in place for additional bedrooms, providing an excellent opportunity to increase capacity and maximize future returns. This is a rare chance to secure a high-performing investment property in a sought-after location with proven income and exciting expansion possibilities.
Estimated monthly repayment
R 28 235
on a R 2 691 000 bond over 20 years at 11.25%
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2 Gardenia Circle, Levallia, George, Western Cape
Listed by
Zanele Sibanda
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