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.
Affectionately known to locals as 'Obz', Observatory is a Cape Town suburb that defies expectations. Sure, it's known for being a student hub, thanks to its proximity to the University of Cape Town (UCT). But look closer, and you'll find a colourful suburb bursting with historic charm, youthful energy, and surprising affordability - a potent mix that's attracting savvy property buyers of all stripes.
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Disclaimer: While every effort will be made to ensure that the information contained within the Chas Everitt International Property Group website is accurate and up to date, Chas Everitt International Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
