8 Bedroom House in Observatory

SOLE AND EXCLUSIVE MANDATE

This sale comprises four adjoining houses, each featuring 2 bedrooms, 1 bathroom, a lounge, kitchen, and a small private courtyard. The properties are being sold together as a single lot, offering a unique opportunity to secure a sizeable footprint in the heart of Observatory.

While they can be retained as straightforward residential homes, their Mixed Use 2 MU2 zoning opens the door to far greater potential whether thats student accommodation, modern apartments, or a creative mixed-use development.

Property Details:

4 Adjacent Homes Sold Together as One Lot

Sizes: 76m2, 77m2, 78m2 & 79m2

Total combined size: 310m2

MU2 zoning ensures flexibility and density for development.

Why Observatory

Student Demand: Observatory is highly sought-after for student accommodation due to its proximity to UCT, UCT Medical School, and other tertiary institutions.

Transport Links: Excellent connectivity with public transport, major highways, and MyCiTi routes, making it attractive for students and young professionals alike.

Lifestyle Hub: Observatory has transformed into one of Cape Towns most in-demand neighbourhoods, with a vibrant cafe culture, trendy restaurants, bars, and creative workspaces.

Growth Potential: The area is undergoing steady urban renewal and gentrification, making it a prime spot for investment.

This is a rare chance to secure a multi-property block in a rapidly evolving and sought-after area.

In addition, for those that are interested, I have 3 neighbouring properties also MU2 zoned that are available separately, offering the potential to consolidate and create a truly exceptional large-scale residential or mixed-use development - Please get in touch if this something you would like to look into further.