Exceptional Investment Opportunity: Premier Student Accommodation on Merriman Street, Stellenbosch

Selling price is R 31 300 000 excluding vat. If the buyer is registered for VAT (and certain conditions are complied with), the sale can be done at a zero-rate VAT. If not, the buyer must pay VAT on top of the selling price.

Seize a rare opportunity to acquire a premier, fully operational student accommodation in the heart of Stellenbosch. Located on the sought-after Merriman Street, this property is a proven, high-yield investment offering modern luxury, superior amenities, and an established income stream. This is not just a building; it is a meticulously managed, going concern, positioned for immediate and continued success in one of South Africa's most robust property markets.

This beautifully preserved and contemporary upgraded property seamlessly blends classic Stellenbosch architecture with cutting-edge interior design, catering perfectly to the discerning modern student. Bright, airy spaces defined by crisp white walls, high ceilings, and a blend of rich timber flooring in communal areas and stylish tiling in service areas.

Twelve thoughtfully designed private rooms offering a comfortable, dedicated living and study environment. Each unit is equipped with its own desk area, ample storage, kitchenette and easy access to an en-suite bathroom.

The heart of the residence is it’s exceptional communal areas, designed to foster community, relaxation, and focused study. The expansive and luxurious open-plan space featuring a massive, comfortable leather sectional, a modern media unit with a large screen TV, and a stunning exposed brick fireplace/braai for a cozy ambiance. The communal kitchen/living areas feature sleek, white cabinetry, deep black granite countertops, high-quality cooking facilities (gas stove tops), and integrated appliances, providing a luxury feel for communal cooking. A dedicated dining room with a large wooden table and stylish high stools, perfect for group meals or collaborative study sessions, separated by striking black-framed glass sliding doors.

The secure and tranquil outdoor 'braai' area featuring built-in brick seating surrounding a central fire-pit is ideal for social gatherings and relaxation under the African sun. The property includes a dedicated laundry room equipped with commercial-grade washing and drying machines, adding significant value and convenience for tenants.

Situated on Merriman Street, the property offers unparalleled walking distance access to Stellenbosch University campus, libraries, and the vibrant town centre, making it a highly desirable address for students. While the beautiful white Cape Dutch-style exterior with secure parking/driveway access and established greenery creates an appealing and safe environment

Investment Advantage:

Offered as a Going Concern, this sale includes the tangible property and the intangible assets necessary for immediate income generation, such as existing tenancy agreements, furnishing and fixture inventory with operational goodwill. The property's proven, consistent rental demand and its operational maturity in the premium student housing sector is a turn-key operation delivering exceptional returns in a market with perpetually high demand.

Envision the Future: Secure your legacy asset in the highly competitive Stellenbosch property market with this premium, fully established student accommodation.

For a private viewing and a detailed financial portfolio, please contact me immediately.