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R 8 990 000

17 Bedroom House for Sale in Observatory

Observatory, Cape Town

Contact agent for street address

17
6
2
235 m²
- m²: 235 m²
- Hectares: 0.024 ha
- Acres: 0.058 acres

Contact Agent

Ryan Hamburger

Show Contact Number

100% Fully Let Student Accommodation

Accepting Offers.

DESCRIPTION:

This student accommodation set in the heart of Observatory and close to shopping centre and public transport.

Discover the ultimate student living experience with Jammie Shuttle Service nearby.

Sold as going concern.

Area 1: Income R43,100.00 per month

• 8 Bedrooms

• 2 Bathrooms

• Kitchen

Area 2: Income R25,900.00 per month

• 4 Bedrooms

• 2 Bathrooms

• Large lounge area with mountain views, could potentially add another bedroom

• 2 Kitchens

Each room has bed, desk, chair and cupboards.

Area 3: Potential income – ±R46,000.00 per month

• Owner currently utilizing 3 bedrooms

• Can be an additional 6 students

• Another back bedroom not currently let can be another ±R5,000.00 per month

Flatlet:

• Lounge

• Kitchen

• Bathroom

• Potential rental of ±R8,000.00 per month

Extras:

• Double garage tiled with direct...

Accepting Offers.

DESCRIPTION:

This student accommodation set in the heart of Observatory and close to shopping centre and public transport.

Discover the ultimate student living experience with Jammie Shuttle Service nearby.

Sold as going concern.

Area 1: Income R43,100.00 per month

• 8 Bedrooms

• 2 Bathrooms

• Kitchen

Area 2: Income R25,900.00 per month

• 4 Bedrooms

• 2 Bathrooms

• Large lounge area with mountain views, could potentially add another bedroom

• 2 Kitchens

Each room has bed, desk, chair and cupboards.

Area 3: Potential income – ±R46,000.00 per month

• Owner currently utilizing 3 bedrooms

• Can be an additional 6 students

• Another back bedroom not currently let can be another ±R5,000.00 per month

Flatlet:

• Lounge

• Kitchen

• Bathroom

• Potential rental of ±R8,000.00 per month

Extras:

• Double garage tiled with direct access into house.

• Borehole with 100% drinkable water.

• Good security

• Great investment with guaranteed income due to shortage of student accommodation

Current Rental: ±R69,000.00 per month

Potential Rental: ±R115,000.00 per month

DETAILS:

• Erf No: 16056, Cape Town

• Erf Size: 235m²

DISCLAIMER:

The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.

The Claremart Group is a leader in commercial and residential properties. We attract huge crowds to our auctions and consistently match and exceed the mandated price on properties sold under our hammer.

Bedrooms: 17

Bathrooms: 6

Garages: 2

Garden

Listing number: P24-110551830, Image number: 1

Listing number: P24-110551830, Image number: 2

Listing number: P24-110551830, Image number: 3

Listing number: P24-110551830, Image number: 4

Listing number: P24-110551830, Image number: 5

Listing number: P24-110551830, Image number: 6

Listing number: P24-110551830, Image number: 7

Listing number: P24-110551830, Image number: 8

Listing number: P24-110551830, Image number: 9

Property Overview

Listing Number

110551830

Type of Property

House

Listing Date

06 June 2024

Erf Size

235 m²

Rooms

Bedrooms

Bathrooms

External Features

Garage

Garden

Yes

Points of Interest

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