36 Bedroom House in Observatory

SOLE & EXCLUSIVE MANDATE

36 bedrooms across 7 houses I Fully occupied I 9117m2 gross lettable area.

Invest in one of Cape Town''s most established student precincts. The Baker is a fully occupied, income-generating student accommodation property comprising seven fully furnished residential houses in the heart of Observatory delivering consistent returns in a location where student demand never sleeps!

What''s included:

36 fully furnished bedrooms across 7 individually configured houses sold fully furnished, contents included

Solar power & backup battery uninterrupted living, no load-shedding stress

Perimeter security including welded wire mesh fencing & electric fencing

Tag-access entry control per house with SMS backup code system

Built-in braai patios across all houses premium lifestyle finishes throughout

Turnkey asset all leases in place, full furniture registry included

VATable Sale R29,995,000 excl VAT Potential Zero Rating: This is a sale by a VAT-registered seller, making it a VATable transaction. Qualifying purchasers buying through a VAT-registered entity may be able to zero rate the transaction, effectively eliminating the VAT cost and meaningfully improving the overall return on investment. Prospective buyers are advised to consult their tax advisor to confirm eligibility.

The numbers speak for themselves - 100 occupancy. Gross annual rental income of approximately R3.3 million. A fully tenanted, turnkey asset sold fully furnished with like-new interiors and a comprehensive asset registry with consistent demand driven by Cape Town''s thriving student population.

The Property The Baker is zoned Mixed Use 2

Erf 25486 | 908m2 | Houses 17

House 1 6 Bedrooms, 4 bathrooms

Houses 2 - 7 5 Bedrooms, 3 bathrooms

Total gross lettable area: 911m2

Bordering the Liesbeek Parkway and directly alongside AFDA''s Cape Town campus, The Baker is within easy reach of UCT and other major tertiary institutions placing it firmly in the heart of Cape Town''s most sought-after student precinct.

This is a spectacular property, not to be missed - Contact me for more information and to set up an appointment to view.