RETIREMENT COMPLEX APARTMENT BLOCK- RENTAL INCOME POTENTIAL IN STELLENBOSCH

Property Address: 1 Tarentaal Onder Papegaaiberg, Stellenbosch A positive return on investment with annual increase of rental income is the mark of a good investment. The high demand for retirement accommodation given relative limited supply and waiting listings in the surrounding regions serves as a platform for opportunity. The Life Style Center with residential capacity is situated in a prestigious residential community on the outskirts of central town; within an established retirement village (security complex). The double story Center consists of the following living spaces: - 28 Independent living apartments: Equip with kitchenette, lounge area and en suite. Expected rental - R17 500 per month per 2 bedroom units. - 13 Frail Care Units- That can be converted to additional Bachelors if required. With planning, proper utilization of resources and correct marketing strategy profit can be maximized. The Centre has all required zoning (Grouped Housing) and municipal approval in place. However; can be utilized for other functions. Additional amenities include: Front of house reception, cafeteria- formal dinning area, fully equip kitchen (used as hub for restaurant), laundry room, swimming pool access and secure allocated parking. # Entrance Hall: 1 Rates And Taxes: 3046 Security Features: alarm, access gate Property Reference #: 3043391 Agent Details: Kurt Jooste - Intern Just Property Stellenbosch 53 Cyrus Building Merriman Avenue Stellenbosch