Hostel / Student accommodation for sale in Ikwezi Park, Khayelitsha

Exceptional Investment Property – High Monthly Rental Income of R62,000

This outstanding investment opportunity offers 12 bachelor/1-bedroom units and 2 spacious 2-bedroom houses, making it ideal for investors seeking strong and consistent rental income.

Property Features

12 Rental Units

Each unit consists of:

• 1 bedroom
• Bathroom/en-suite with shower, toilet, and basin
• Open-plan lounge and dining area
• Internet connection and TV aerial connection
• Access to a central server room connecting all internet and TV wiring

2 x 2-Bedroom Houses

Each house offers:

• Main bedroom with tiled flooring
• Second bedroom with tiled flooring
• Shared bathroom with shower, toilet, and basin
• Open-plan lounge and dining area
• Fully fitted kitchen with built-in cupboards

Additional Benefits

• Property will be fully cleaned before handover
• Outstanding construction work will be completed, including:
  • Plumbing
  • Electrical work
  • Tiling
  • Door installations

Included Documentation

The new owner will receive:

• Approved building plans
• Slab engineering certificates
• Plumbing compliance certificate
• Building compliance certificate
• Electrical compliance certificate

Utilities & Infrastructure

• Electricity upgraded to 3-phase power

Prime Location

Conveniently located with easy access to the N2 and close to:

• Promenade Mall
• False Bay College
• Hospitals and clinics
• Petrol stations
• Schools
• Public transport routes
• Government services

Excellent Rental Return

• 12 units × R4,000 per month = R48,000
• 2 houses × R7,000 per month = R14,000

Total Monthly Rental Income: R62,000

Don’t miss this rare opportunity to own a high-income investment property in a rapidly growing and well-connected area.