Asking R5,500,000 Negotiable
Situated on a 1,191 m² erf along Grace Road, Observatory, this versatile property offers an attractive combination of residential comfort and income-generating potential.
The main residence features four bedrooms, generous living and entertainment areas, a well-appointed kitchen, separate scullery, home office, wine cellar and swimming pool.
The property is complemented by five well-proportioned cottages generating R43,550 in combined monthly rental income, translating to R522,600 per annum before expenses.
Whether you are looking to expand your rental portfolio, establish a guesthouse or accommodate an extended family, this property offers the space and flexibility to suit a range of investment and lifestyle objectives.
Property Overview
- Erf size: 1,191m²
- Main house: Four bedrooms
- Five rental cottages
- Combined cottage rental income: R43,550 per month
- Monthly rates: R5,004.96
Viewings strictly by appointment. Get pre-qualified to arrange your viewing.