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Grahamstown/Makhanda, a town known for its rich history and academic excellence, presents an enticing investment opportunity in the thriving sectional title student accommodation market. With a recent downward correction in selling prices, investors are poised to reap substantial rewards while contributing to the educational journey of Rhodes University students.

1. Favorable Market Dynamics

In recent times, the Grahamstown/Makhanda student accommodation market has experienced a correction in selling prices. This presents a golden opportunity for astute investors to enter the market at a lower cost, with the potential for significant appreciation in the future. As prices normalize, investors can enjoy capital growth while providing essential housing for the student population.

2. Stable Educational Hub

Rhodes University, a renowned institution with a storied legacy, serves as the bedrock of this academic enclave. The university's enduring reputation for academic excellence ensures a steady influx of students, thus maintaining a stable demand for accommodation. Investing in student housing here means tapping into the resilience and longevity of an esteemed institution.

3. Recurring Rental Income

Investing in sectional title student accommodation means securing a consistent stream of rental income. The constant flow of students in and out of Rhodes University guarantees a reliable tenant base, reducing the risks associated with vacancy. This steady rental income can be a substantial boost to an investor's financial portfolio.

4. Diversification and Portfolio Growth

Diversifying your investment portfolio by venturing into student accommodation offers a unique asset class. With the potential for both long-term capital appreciation and consistent rental income, it serves as a strategic addition to any investment strategy. Moreover, the student accommodation market is less prone to economic fluctuations, providing stability during uncertain times.

5. Contributing to Education

By investing in Rhodes University student accommodation, you not only unlock financial gains but also contribute to the educational ecosystem. In the knowledge that the university does not have sufficient of its own accommodation to house their 8 000-plus students, your investment helps ensure that students have access to safe and comfortable living spaces, enhancing their overall learning experience.

In conclusion, the Grahamstown/Makhanda sectional title student accommodation market, centred around Rhodes University, offers an enticing blend of opportunity and stability. With prices on a correctional trajectory, now is the time for investors to act. By investing in this dynamic market, you not only secure your financial future but also support the educational aspirations of countless students. Seize this chance to make a positive impact while reaping the rewards of your investment.

Lets get you leased in 2023:

CSOS Act: Paragraph 15.

(1) Subject to sub-rule(7), at least 14 days written notice of a general meeting specifying the place, date, and hour of the meeting must be given to-

(a) all members;

(b) all registered bondholders;

(c) all holders of future development rights; and

(d) the management.

 

(2) A person who has a right to be notified under this rule may waive that right by notice in writing delivered to the body corporate and may, at any time and in the same way, revoke that waiver; provided that if the two or more persons are jointly entitled to exercise a vote, all of them must waive the right to notice and any of them may revoke that waiver.

 

(3) The notice of a general meeting must be accompanied by at least-

(a) an agenda, as required in terms of these rules

(b) a copy or a comprehensive summary of any document that is to be considered or

approved by members at the meeting; and

(c) a proxy appointment form in the prescribed format.

 

(4) A general meeting must be held in the local municipality area where the scheme is situated unless the members have by special resolution decided otherwise.

 

(5) Registered bondholders, holders of future development rights and the managing agent may attend general meetings and may speak on any matter on the agenda, but they are not, in those capacities, entitled to propose any motion or to vote; provided that such persons are not entitled to attend any part of a general meeting if the members resolve that their presence would unreasonably interfere with the interests of the body corporate or any person’s privacy.

 

(6) Notice of a general meeting must be delivered to-

(a) members at their service addresses in terms of rule 4(5), and

(b) other persons at the most recent physical, postal fax, or email address of which they have notified the body corporate in writing.

 

(7) A general meeting may be called-

(a) on 7 day’s notice if the trustees have resolved that short notice is necessary due to the urgency of the matter and set out their reasons              for this resolution; provided that the trustees must not take such a resolution in  regard to a meeting referred to in rule 29(2) or (4)

(b) on less than 14 days notice, if this is agreed to in writing by all persons entitled to attend.

 

(8) Failure to give proper notice of a general meeting to a person entitled to receive notice does not invalidate a vote taken at the meeting, as long as the body corporate made a reasonable attempt to give the notice.

 

(9) Voting at a general meeting may proceed despite the lack of notice as required by this rule if all persons entitled to receive notice in writing waive their right to notice.

 

 

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