Popular Student Residence in Stellenbosch to be auctioned

Posted On Friday, 07 June 2013 11:36 Published by Commercial Property Auctions
Rate this item
(0 votes)

An 18 room student residence, situated in the heart of Stellenbosch will go under the auctioneers gavel on 20 June 2013. 

Banghoek PropertyThe property at 217 Banghoek Way, Stellenbosch, is a popular residence for many students due to its central location.

Comments Jason Poultney of Aucor, 'The site is located in close proximity to various university buildings which promotes student rental demand, and as such is an attractive investment for many investors. With the university buildings, shops and entertainment areas close to the residence, it is very popular amongst students.''

The property comprises a double storey building measuring ± 560m². Both the ground floor and first floor each comprise of 9 large en-suite bedrooms, a communal kitchen, lounge and entertainment area. There are separate entrances for each level and the property features 18 secure parking bays.

Adds Poultney, "Primely positioned properties like this are hard to come by and with Stellenbosch consisting mostly of students, due to the historical university, this property is an investment and will be profitable for years to come"

The auction will take place at The Pavilion Conference Centre, Clocktower Centre, V&A Waterfront, Cape Town at 12pm on Thursday 20 June 2013.

For more information please contact Jason Poultney on 084 404 1010 or This email address is being protected from spambots. You need JavaScript enabled to view it.. Visit www.aucor.com for more information.

Last modified on Sunday, 09 June 2013 20:40

Most Popular

The next wave of property development in Africa is coming

Jul 31, 2019
The past decade has seen South African property developers and investors forge their way…

SA focused REIT Dipula makes bid merge with SA corporate real estate

Jul 31, 2019
Dipula Income Fund, a diversified, South-African focused and Black-managed REIT, today…

Vukile’s Spanish assets top €1bn, and it gets a credit ratings upgrade

Aug 02, 2019
Vukile Property Fund today announced that its listed Spanish subsidiary, Castellana…

Growthpoint Investec African Properties steps up its acquisition trail in Africa

Aug 06, 2019
Growthpoint Investec African Properties (GIAP), the pan-African real estate investment…

Credit and mortgage balances in the first half of 2019

Jul 31, 2019
Jacques Du Toit Absa Home Loans
Credit and mortgage balances in the first half of 2019, with divergent home loan…

Please publish modules in offcanvas position.