Situated in the heart of Cape Town. This 14 storey building with 50 apartments on each floor, has everything you need right on your doorstep. It is within walking distance to restaurants, shops and all main transport terminals, including all colleges and schools. They have a 24 hour security presence and biometric system for your safety and security. Our apartments are in a class of their own. Furnished with mod-cons and all you need for student living.
The sale of the property includes the real estate as well as an operational business (lock stock and barrel)
1. Financial information will be supplied during the due diligence period
2. Due Diligence period will commence upon receipt of an offer to purchase
3. Offer To Purchase must be accompanied by a refundable deposit of 1% of the gross purchase price.
4. Offer to Purchase must be accompanied by a detailed financial plan including proof of affordability.
5. Should the Due Diligence study not have a successful outcome, the deposit will be refunded.
6. The prices attract VAT which is refundable.
7. Prices include commissions.
NET PROFIT: R 22 million p.a.
ASKING PRICE: R270 million (VAT Exclusive)