Exclusive Listing | Offers From: R3 250 000
An exceptional turnkey investment opportunity in the heart of Observatory, this fully furnished property is currently generating R29,500 per month in rental income, offering buyers immediate cash flow in one of Cape Town's most consistently sought-after rental markets.
Beautifully renovated throughout, the home has been thoughtfully configured to maximise both tenant appeal and long-term value. High ceilings, generous proportions, and quality modern finishes create an attractive living environment that continues to perform well in a suburb renowned for its strong rental demand from young professionals, medical staff, academics, and UCT students.
The property offers four well-proportioned bedrooms, providing flexible accommodation that caters perfectly to the area's rental demographic. Whether continuing as a high-performing residential investment or adapting to alternative rental strategies, the layout lends itself to a variety of income-producing opportunities.
At the centre of the home is a stylishly renovated galley kitchen featuring quality cabinetry, extensive storage, generous preparation space, and contemporary finishes. The modern bathroom has also been tastefully upgraded, while the home's neutral colour palette and quality finishes allow for minimal ongoing maintenance and no immediate capital expenditure.
The sale includes the existing furniture, allowing a purchaser to continue generating rental income from day one without the additional cost and hassle of furnishing the property.
Outside, the property offers secure, low-maintenance outdoor spaces to both the front and rear, together with an enclosed front patio that enhances privacy, security, and overall tenant appeal.
Located in one of Cape Town's strongest-performing rental nodes, the property is within walking distance of Observatory's popular cafés, restaurants, Groote Schuur Hospital, UCT shuttle routes, public transport, and major transport links. With consistently high tenant demand, limited housing stock, and a proven rental track record, this presents an outstanding opportunity for investors seeking a well-positioned, income-generating asset with immediate returns.
Current Rental Income: R29,500 per month
Size: ±145sqm
Rates: ±R1,995
Offers From: R3,250,000