Observatory, Cape Town City Bowl, Western Cape ID 1316841
House
7.0
9
307m2
This well-located property offers an excellent opportunity for investors in the student accommodation sector. Situated in the vibrant suburb of Observatory, this property is designed to cater to the high demand for quality student housing while providing strong rental returns. * Total Bedrooms: 9 * Current Annual Rental Income: R583,800p/a * Potential for Increased Returns with Light Upgrades Layout & Features: Downstairs: * 3 spacious ensuite bedrooms, each with private bathrooms. * A fully equipped kitchen and dining area, perfect for communal living. Upstairs: * 4 comfortable bedrooms serviced by 2 communal bathrooms. * 1 separate entrance bedroom offering additional privacy and flexibility. Outside: * Self contained Flatlet The property is currently fully tenanted and generating a reliable income stream. With a touch of modernisation and refreshment, rental rates can be further optimised to meet the high demand in this sought-after location. Location – Why Observatory? Observatory is a bustling hub for students and young professionals, conveniently located near major universities, public transport links, and popular amenities. The area is known for its lively café culture, diverse eateries, and vibrant nightlife, making it a preferred choice for student living. Proximity to the city centre, hospitals, and shopping districts further enhances its appeal for long-term rental growth Give me a call to arrange a viewing, but please note we will need to schedule these by appointment, around access.
Revo Property
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