5 Bedroom House For Sale in Observatory

Exclusive Mandate | Offers from: R 1 650 000

This all-encompassing 5-bedroom, 2-bathroom house is an excellent investment opportunity for any purchaser. It currently generates an income of ± R36 800 per month with 12 students (@ ± R3 000 per student) living there. Two more students can be accomodated which will bring the turnover to ± R42 600. Students are usually contracted for a minimum of 10 months.

Each room is cleverly designed to accommodate beds and study spaces for every student. The furniture can be purchased at an extra cost. The manager of the house can even stay on to run the house on a day to day basis, including the selection of the students and the finances of the business. The rate for the manager can be negotiated.

The house’s alluring features and perks are further complimented by it’s ideal location in Observatory with quick access to UCT, the City Bowl or Southern Suburbs Via the N2, not to mention being minutes away from Observatory’s rich collection of markets, hip bars, restaurants and cafés.

Size: ± 167 SQM

Rates & Taxes: ± R4 500

Exclusive Mandate | Offers from: R 1 650 000