New Stellenbosch student Apartments
Category Property News
Universiteitsoord, the emerging private student hub on the doorstep of the Stellenbosch University campus, is set for further development with a new residence development, 17 On Cluver.
Construction started in May on the modern 26-unit building, developed by Isipani, City Capital and Stellenbosch based HDK Developments, a subsidiary of the Horn & De Koning Property Group. Completion is scheduled for October this year, with occupation set for early 2020.
This follows two other successful HDK student resident developments in Universiteitsoord - Armentum and Humanitas.
Announcing the new sectional title residence, HDK MD Pieter Horn, said demand for affordable private student accommodation in Stellenbosch remains very strong. This is particularly so in the Die Weides suburb of Stellenbosch as it is within walking distance of the university.
"Proof of this is that 18 of the 26 units in 17 On Cluver have already been sold off plan, with eight remaining.
"The demand for student accommodation in Stellenbosch will remain high for at least the next 10 years. Considering that there are about 32 000 Matie students on campus and that the university can only supply about 7 900 beds, affordable and safe private student residences like 17 On Cluver fill an important accommodation gap for the university," Horn said.
Security is of utmost important in the area, so the developers have installed CCTV cameras, electrified fencing and fingerprint access control at 17 On Cluver.
The residence is designed with communal areas that include a kitchen, a furnished lounge, a dining room and an outdoor pool and braai area. Each unit includes a shaded parking space and the building has a designated area with lockable bicycle racks. The Simonsrust shopping centre is nearby.
The building is fitted with optic fibre for high speed internet access, and each unit will receive a monthly capped amount of 10Gb, although extra data can be purchased. The monthly levies include weekly cleaning of the units and daily cleaning of the communal areas. Refuse will be removed daily by the municipality.
Each semi-furnished unit has its own bathroom and will be fitted with a three quarter bed, a study corner with a chair, a kitchenette with a bar fridge and a microwave. Other features include built-in cupboards and a Juliete balcony with a sliding door.
Rental for each unit is R9 250 a month, which according to Horn compares well to what is being paid for accommodation at top private residences.
Author: SA Property News