*** SOLE & EXCLUSIVE MANDATE ***
Set in the heart of Observatory, this characterful double-storey Victorian residence offers a compelling fully tenanted investment opportunity in one of Cape Town's most sought-after student suburbs.
The flagship property accommodates eight bedrooms across two floors — five downstairs and three upstairs — each fitted with a built-in wardrobe and dedicated desk area. Four en-suite bathrooms and two shared bathrooms serve the residence, with a generously proportioned furnished kitchen featuring Caesarstone countertops and a full complement of appliances, including washer/dryers.
The open-plan kitchen and lounge flow via sliding doors onto a covered outdoor braai patio, with a built-in braai area.
The home retains its Victorian character through solid wooden doors and aluminium windows, and was comprehensively renovated within the last five years — presenting in excellent condition throughout.
It is being sold fully furnished and 88% occupied (only 1 room available). Currently generating R55,500 per month / R666,000 per annum, the property is managed on a full turnkey basis, making it a truly hands-off investment.
- Solar panels, battery inverter, electric fencing, welded wire mesh panel fencing, and rendered brick perimeter walls ensure reliable, low-maintenance operation.
- Zoned MU2.
- This is a VATable sale — (5,995,000 Excl. VAT) purchasers acquiring in a VAT-registered entity may qualify for zero-rating.
Observatory is a vibrant, well-connected suburb with strong and consistent student demand, positioned minutes from UCT, CPUT, and the CBD.