Property Investment News

New university in Durbanville set to increase property value in the area

STADIO TO BUILD NEW CAMPUS IN NORTHERN SUBURBS of Cape TOWN

Massive growth predicted for the Northern Suburbs property market

An article sourced from Fin24 states that Stadio (part of the Curro education group), the JSE-listed investment holding company that focuses on investments in higher education institutions, is set to develop a new and comprehensive campus outside Cape Town at Phesantekraal in Durbanville after finalising a transaction for a site of 7.8 hectares.

The company – in a written statement – said it aims to start with this development by March 2019 and to have the campus up and running by February 2021.

Stadio CEO Dr Chris van der Merwe said that the ultimate vision of Stadio is to create a multiversity for 100 000 students.

“We believe that there is ample room for expansion as 100 000 students will only be 5% of the total higher education market in South Africa.”

The new Phesantekraal campus coincides with the accreditation of Stadio’s first doctoral degree in Business Administration (DBA) with a further two doctoral degrees in the offing.

Stadio listed on the JSE in October 2017 with approximately 13 000 students. The company said it has the potential to reach 30 000 students in 2018, considering that acquisition targets for 2017 were fully met and keeping in mind that there is also an intake at the beginning of the second semester of 2018.

According to Stadio’s prelisting statement, a target of 56 000 is set for 2026.

Excellent value to be found in property in this area

While property in the Durbanville area is already valuable, it is well worth investing in new, or holding onto existing, property in this area.

Amazing capital growth – stats show 100% capital appreciation over the past decade.
According to the latest Lightstone report, the area in which Graceland is situated has enjoyed exceptional capital growth over the past 10 years – more than doubling in value during that period.

Property Investment Opportunity in the Durbanville area
  • Apartment units from R1 199 000
  • Simplex house from R2 485 000
  • Duplex house from R2 460 000
Projected rental income: from R108 000 p/a
  • Spacious 2-bedroom apartments with one parking bay
  • 180m² duplex and simplex houses with private gardens
  • Projected rates & taxes R630 p/m
  • Body corporate (levies) approx R1 200 p/m
  • Transfer and bond fees included*

2 bedrooms, 1 bathroom
apartment

  • Unit area - 64m²

2 bedrooms, 1 bathroom
apartment

  • Unit area - 68m²

3 bedrooms, 2 bathrooms simplex

  • Unit area - 180m²

3 bedrooms, 2 bathrooms duplex

  • Unit area - 184m²

There is limited land available for development in this area

Built on one of the last remaining plots available in the greater Durbanville area, Graceland has the enviable advantage of having a fully established node around it, including much-loved hotspots like RocoMamas and Dros, both situated in the popular Okavango Shopping Centre. Cape Gate mall and the Cobble Walk Centre are also less than 2km away.

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