4 Bedroom House in Observatory

Asking R5,500,000 Negotiable

Situated on a 1,191 m2 erf along Grace Road, Observatory, this versatile property offers an attractive combination of residential comfort and income-generating potential.

The main residence features four bedrooms, generous living and entertainment areas, a well-appointed kitchen, separate scullery, home office, wine cellar and swimming pool.

The property is complemented by five well-proportioned cottages generating R43,550 in combined monthly rental income, translating to R522,600 per annum before expenses.

Whether you are looking to expand your rental portfolio, establish a guesthouse or accommodate an extended family, this property offers the space and flexibility to suit a range of investment and lifestyle objectives.

Property Overview

- Erf size: 1,191m2

- Main house: Four bedrooms

- Five rental cottages

- Combined cottage rental income: R43,550 per month

- Monthly rates: R5,004.96

Viewings strictly by appointment. Get pre-qualified to arrange your viewing.