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Prime Investment Opportunity in Observatory

Discover an investment offering with this NSFAS (National Student Financial Aid Scheme)- accredited accommodation ensuring a reliable return.

Financial Snapshot of 2023:
• Annual Income 2023: R307,166
• Annual Profit 2023: R215,545

Projected Income for 2024
• Annual Income 2024: R312 600
• Annual Profit 2024: R222 468

Key Features:
• Guaranteed rental income with renewable leases signed up to the end of 2024
• Proven records of successful rentals spanning several years
• Sold with all furniture and appliances in use

Property Layout:
• Five bedrooms with built-in cupboards – 2 larger with 3 smaller bedrooms
• Three bathrooms (one is an en-suite)
• Open plan living room with a fireplace
• Spacious, fitted kitchen with ample dining space leading onto back courtyard/braai area
• Outdoor entertainment area with a built-in braai
• Laundry area to the side of the property

Conveniently situated just off Main Road, this property provides easy access to major routes, shops and other amenities. Within in close proximity to UCT, major hospitals and with easy access to town, the airport and Southern suburbs.

The property is well-secured, with security gates, burglar bars and an alarm system. OBSID (Observatory Improvement District) enhances the overall experience, providing public safety services, cleaning and greening services on the streets and parks as well as outreach services to the homeless and other vulnerable community members.

Seize this opportunity to invest in a thriving property in Observatory, where convenience, returns and a vibrant community converge. Contact us for more information and to arrange a viewing.