Commercial Property for Sale in Observatory Western Cape
Commercial Property for Sale in Observatory Western Cape
Commercial Property for Sale in Observatory Western Cape
Commercial Property for Sale in Observatory Western Cape
Commercial Property for Sale in Observatory Western Cape
Commercial Property for Sale in Observatory Western Cape
Commercial Property for Sale in Observatory Western Cape
Commercial Property for Sale in Observatory Western Cape
Commercial Property for Sale in Observatory Western Cape
Commercial Property for Sale in Observatory Western Cape
Commercial Property for Sale in Observatory Western Cape
Commercial Property for Sale in Observatory Western Cape
Commercial Property for Sale in Observatory Western Cape
Commercial Property for Sale in Observatory Western Cape
Commercial Property for Sale in Observatory Western Cape
Commercial Property for Sale in Observatory Western Cape
Commercial Property for Sale in Observatory Western Cape
Commercial Property for Sale in Observatory Western Cape
R69 000 000
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Property features

  • R69 000 000

Property Details

R5.5 MILLION ANNUAL INCOME | FULLY TENANTED - 2,414sqm Prime Land (GB1 Zoning) - 44 Residential Units - 10 Commercial Tenancies - 30 Parking bays (2 Disabled bays) 44 Versatile Rental Units: - 40 Brand new, fully furnished studio apartments (modern finishes) - 4 Original character units (1 spacious apartment + 3 compact ex-domestic quarters) - perfect for value-conscious tenants Stable Income: R459,135/month (R5.5M/year) gross rental Diversified Tenants: Residential + Commercial (low vacancy risk) Well-Maintained: Turnkey investment in high-demand Observatory location "A rare chance to own a cash-flowing mixed-use gem in Observatory!" 44 Residential flats 10 Commercial Units Approved plans for a further 30 apartments

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