Observatory, Johannesburg, Gauteng ID 1302203
House
3.0
4
2091m2
This rare property opportunity offers six distinct rental units, making it an ideal investment for short-term letting, Airbnb conversion, or long-term leases. With the option to reside in the beautifully maintained main house while generating income from the rest, this property is both a lifestyle upgrade and a business opportunity. The main house stands as the elegant heart of the property, featuring timeless architecture and refined finishes. It offers large, light-filled living areas perfect for family life and entertaining, alongside modern bathrooms and a fully equipped chef’s kitchen with a hidden scullery. Outside, lush landscaped gardens, a large sparkling pool, and a covered entertainment patio create a serene and luxurious atmosphere. This is an unmissable opportunity for both seasoned investors and lifestyle buyers seeking flexibility, passive income, and charm in one incredible property. Main House: 4 Spacious Bedrooms 2.5 Elegant Bathrooms Chef’s Kitchen + Scullery TV Lounge with Built-in Fireplace Pyjama Lounge & Dining Room High Ceilings & Covered Patio Potential rental income: R20,000.00 (water and lights excluded) Additional Dwellings: House 2: 3 Bedrooms | 2 Bathrooms Kitchen | Lounge | High-tech finishes Own road access | Private Garden 2x Carports | Domestic Quarters Current rental: R11,000.00 (gas, water and lights excluded) Back Cottage 1 Bedroom | 1 Bathroom | Lounge Compact Kitchen | Private Patio Current rental: R8,250.00 (gas and lights excluded) Medical Practice / Large Cottage 1 Bedroom | 1 Bathroom | Lounge Kitchenette Current rental: R5,000.00 (all included) Pool house (loft) 1 Bedroom | 1 Bathroom | Lounge Kitchenette | Private Courtyard Potential rental: R8,000.00 (listed on Airbnb and other platforms) Hideout Studio: Open plan Living/Sleeping Area 1 Bathroom | Kitchenette Current rental: R4,800.00 (gas excluded) Property Features: High-end fixtures & finishes throughout Solar power – powers all essentials during load-shedding 300lt Solar Geyser to feed the main house and medical practice Generator fittings Gas geysers (except main house) Borehole (Certified) & fishpond Zen Garden Large, covered entertainment area Sparkling pool Manicured gardens 4x Covered carports + 3 additional bays Up to 10 parking spaces in total. Modern tech integrations across property Estimated Rental Yield: R57 050.00 with potential for further growth
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