Investment Overview
An exceptional opportunity to acquire a near-complete (approximately 95% finished) purpose-built 79-bed accommodation asset located directly on Voortrekker Road in Goodwood, Cape Town.
This high-exposure property is strategically positioned to serve both the student and young professional rental markets, benefiting from strong transport connectivity, high commuter flow, and proximity to major educational and employment nodes.
The asset is designed for scalable, high-density rental income with modern communal living facilities and fully en-suite accommodation units.
Property Details
79 x En-Suite Bedrooms
Approximately 95% complete construction
Purpose-built accommodation development
Modern high-density rental design
Secure access-controlled building
Communal Facilities
Communal kitchen and dining area
Dedicated study and computer room
Tenant lounge and meeting area
Shared washroom and grooming facilities
Laundry and utility areas
Internal circulation designed for high-occupancy living
Location Benefits – Voortrekker Road Frontage
The property enjoys prime exposure on one of Cape Town’s major arterial routes, offering excellent accessibility and transport convenience.
Nearby demand drivers include:
Cape Peninsula University of Technology (Bellville Campus)
University of the Western Cape (Bellville Campus)
Major retail, logistics and industrial employment hubs in Bellville, Parow and Goodwood
High-volume public transport corridor including taxi and bus routes
Rental and Investment Potential (Projected)
Estimated rental range per room: R7,500 – R9,500 per month
Projected income:
Monthly gross income: R592,500 – R750,500
Annual gross income: R7,110,000 – R9,006,000
Indicative gross yield:
Approximately 15.8% – 20% on asking price
Key Investment Highlights
Rare large-scale accommodation asset in established urban node
Strong transport-linked tenant demand base
High-density income-producing structure
Designed for student and workforce accommodation demand
Significant upside through operational optimisation and occupancy scaling
Near-complete development reduces construction risk
Condition
Property is approximately 95% complete at time of listing. Final finishes and minor works to be confirmed by the developer.
Rates and Taxes
To be confirmed upon municipal valuation.
Viewing and Enquiries
Serious investors only. Proof of funds may be required prior to viewing due to the scale of investment.