Type

Term

Price range

Beds

R 620 000 | 2 Bedroom Apartment / Flat for Sale in West Hill

Unit 11 Somerset Corner, 2a Somerset Street, West Hill, Grahamstown

Gallery

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UNDER OFFER

NO TRANSFER DUTY

Secure a High-Return Investment in Student Housing!

This opportunity offers the perfect blend of location and amenities, located just 5 minutes from Rhodes University Theatre. The complex includes 24 well-designed units of approximately 50 sqm each, catering specifically to student comfort and convenience. Key highlights:
• Prime Location: First-floor, west-facing unit with views of the Rhodes campus, St. Andrews, and the scenic Makhanda hills.
• Modern and Fully Equipped: Two en-suite bedrooms, a contemporary kitchen with a 3-plate gas stove, an additional electric plate, oven, fridge, washing machine, and tumble dryer.
• Inviting Living Space: The spacious living area features a sliding door, allowing a refreshing breeze that makes tenants feel right at home—ideal for high tenant retention and lease renewals.
• Maintenance-Free Interiors: Tiled floors and aluminum windows ensure hassle-free upkeep.
• Enhanced Security and Practicality: Secure parking, reliable water tanks, and security services from 18h00 to 06h00 enhance both resident satisfaction and investor security.
Impressive Rental Returns
With rental income projected for 2025 R4630 per month per room, this investment offers excellent profitability in a high-demand location.

Property Overview

Listing Number

115335821

Type of Property

Apartment / Flat

Street Address

Unit 11 Somerset Corner, 2A Somerset Street, West Hill

Levies

R 1 685

No Transfer Duty

Yes

Rates and Taxes

R 705

Rooms

Bedroom

Bedroom 1

Tiled Floors, Curtain Rails, Built-in Cupboards

Bedroom 2

Tiled Floors, Curtain Rails, Built-in Cupboards

Bathroom

Bathroom 1

Tiled Floors, Basin, Shower, En suite, Toilet

Bathroom 2

Tiled Floors, Basin, Shower, En suite, Toilet

Kitchen

Kitchen 1

Extractor Fan, Fridge, Granite Tops, Washing Machine Connection, Tiled Floors, Tumble Dryer, Built-in Cupboards, Gas Hob

Lounge

Lounge 1

Tiled Floors, Curtain Rails

External Features

Parking

Parking 1

Secure Parking

Building

Backup Water

Water Tank

Other Features

Security

Security 1

Electric Gate, Security Gate, Alarm System, Guard House, Guard, Electric fencing, Perimeter Wall, Indoor Beams

Special Features

Special Features 1

3x 5000L water tanks plumbed into the complex., Satellite Dish

Contact AgentWeb Ref 115335821

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Agency

Agents

Monika Gaybba

Richard Gaybba

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