Development for sale in Observatory, Cape Town

R600,000
  1. Web Ref: 1086601
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Property Features

ERF Size 159 m²

Interior Features

10 Flatlets
Kitchen

Exterior Features

2 Parking Spaces
Braai Facilities

Investment opportunity- Student Accommodation MLS 1


Property, unlike other asset classes, allows investors to benefit from both an ongoing income stream in the form of rent as well as capital appreciation of the asset over time which is realised on the sale of the property.

Our MLS 1 investment scheme based in Observatory is such scheme through the application of a Section 12J investment rebate. As a launch special MSL 1 have undertaken to assure all MLS 1 rental income for the first 24 months due to the accredited affiliation with UCT Student Accommodation. This significantly reduces the risk to investors who are concerned about the impact of Covid 19.

MLS 2 is expected to be launched by the 3rd quarter of 2021. Both investment schemes are designed around the 'share block' framework. This means that with each scheme a company is formed that has direct ownership of the property with each investor becoming a shareholder, the share will be dependent on the proportion of the investment. This means that each scheme is backed directly by a student residence, thus protecting the initial capital invested, by vesting control of the asset in the hands of the investor.

Each property is based on the American student residence model (10-15 students in residence) and consists of 10 rooms/apartments, access control, laundry facilities, wi fi and some parking. Both properties are managed by a sister company “ My Living Space”. Both property opportunities are within walking distance of UCT Medical Campus as well as UCT transport.

Minimum investment from R 265 000.00 upwards.

Get in now while the prices have stabilised and reap the benefit when they rise. For further information request the MLS 1 Investment Prospectus.

Contact the agent

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Block A, 1st Floor Cnr. Timour Hall Road & Gabriel Road, Plumstead

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