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R13,750,000

R13,750,000

386m² Building For Sale in Salt River
377 Lower Main Road
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High-Return Student Housing Investment in Observatory

Web Ref. CL246
Floor size 386.00 m²
Monthly Bond Repayment
R130,944.46
Situated on popular Lower Main Road in Observatory, this exceptional student accommodation opportunity offers the full package: location, quality, and a high-performing business model.

Operating successfully since 2010, this three-story building houses over 40 decently sized, en-suite rooms — a standout feature in the student rental market. With an average occupancy rate consistently above 80%, the property runs like a well-oiled machine.

Each floor is equipped with its own kitchen and fridge facilities, while the top floor offers a spacious, beautifully finished communal study area flooded with natural light — a favourite among students. Multiple communal spaces create a sense of community while giving residents room to breathe.

Cleanliness and hygiene are rigorously maintained, thanks to strict operational protocols and a dedicated in-house laundry system. A friendly on-site reception team manages daily operations smoothly and professionally.

Security is another standout feature: an extensive camera system has been installed throughout the property, with dozens of strategically placed surveillance cameras feeding into a central control room located next to reception — providing peace of mind for students and management alike.

This is more than just a building — it's a fully operational, income-generating business. And thanks to its proximity to numerous colleges, universities, and training centers, demand remains high year-round.

If you're looking for a low-risk, high-reward investment in Cape Town's student accommodation sector, this is it.

Serious investors are encouraged to reach out for further details, including financial performance and turnover figures. This is a rare opportunity to step into a profitable, well-managed operation in a premium location.

Features

Zoning
Industrial
Interior
Sizes
Floor Size 386 m²
Additional Amenities
45 Bedrooms with En-Suite Bathrooms
Listing Info
Date Listed 29-05-25
Time Listed 06:20