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R 9 715 000

Commercial Property for Sale in Observatory

17 Stanley, Observatory, Cape Town

595 m²

Contact Broker

Neil Bernberg

Show Contact Number

Fully Let | Student Accommodation | Near AFDA Film School

Sole mandate - brokers are welcome. Fully let student accommodation in Observatory, sold as a going concern. Situated in a quiet part of Observatory, this property is ideally located near AFDA Film School. Primarily rented by AFDA students, it offers a convenient and pleasant walk through a quiet charming neighbourhood. The property features 20 rooms serviced by 3 student lounges with fully equipped kitchens, providing comfortable communal spaces for recreation.

This prime location ensures consistent occupancy with easy access to Lower Main Road's popular cafes, eateries, and vibrant nightlife, perfectly suited to student living. Zoned Mixed Use 2, the site offers potential bulk of approximately 1,700 m2 and a height allowance of up to 25 meters, opening doors for future development. The building is carefully maintained and designed to be load-shedding resistant....

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Property Overview

Listing Number

114842593

Type of Property

Commercial Property

Street Address

17 Stanley, Observatory

Listing Date

26 August 2024

Erf Size

595 m²

Floor Size

595 m²

Levies

R 1

Rates and Taxes

R 5 200

Points of Interest

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