Prime Investment Opportunity in Observatory
Discover an investment offering with this NSFAS (National Student Financial Aid Scheme)- accredited accommodation ensuring a reliable return.
Financial Snapshot of 2023:
Annual Income 2023: R307,166
Annual Profit 2023: R215,545
Projected Income for 2024
Annual Income 2024: R312 600
Annual Profit 2024: R222 468
Key Features:
Guaranteed rental income with renewable leases signed up to the end of 2024
Proven records of successful rentals spanning several years
Sold with all furniture and appliances in use
Property Layout:
Five bedrooms with built-in cupboards 2 larger with 3 smaller bedrooms
Three bathrooms (one is an en-suite)
Open plan living room with a fireplace
Spacious, fitted kitchen with ample dining space leading onto back courtyard/braai area
Outdoor entertainment area with a built-in braai
Laundry area to the side of the property
Conveniently situated just off Main Road, this property provides easy access to major routes, shops and other amenities. Within in close proximity to UCT, major hospitals and with easy access to town, the airport and Southern suburbs.
The property is well-secured, with security gates, burglar bars and an alarm system. OBSID (Observatory Improvement District) enhances the overall experience, providing public safety services, cleaning and greening services on the streets and parks as well as outreach services to the homeless and other vulnerable community members.
Seize this opportunity to invest in a thriving property in Observatory, where convenience, returns and a vibrant community converge. Contact us for more information and to arrange a viewing.
Key Property Features
Contact Agent
Devler Estates (Pty) Ltd t/a Chas Everitt Cape Town South is a Franchise of the Chas Everitt International Property Group. Operating a trust account. Holds a business FFC. Registered with the PPRA.
Need a home loan?
