R1,650,000
R1,650,000
Monthly Bond Repayment R17,596.09
Calculated over 20 years at 11.5% with no deposit.
Change Assumptions
Monthly Rates
R4,500
R4,500
Excellent Investment Opportunity 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
Features
Interior
Bedrooms
5
Bathrooms
2
Kitchens
1
Reception Rooms
1
Furnished
Exterior
Security
Yes
Sizes
Land Size
167m²
Observatory, Cape Town
Observatory is one of Cape Town's most Victorian-esque suburbs owing to its alternate, artistic and vintage feel to it all wrapped into one. The colourful homes, narrow streets and close proximity to cafes, restaurants and bars, make it a popular place to relocate.
Observatory is also one of Cape Town's most appealing suburbs for young families and students who are studying at the University of Cape Town,...
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Disclaimer: While every effort will be made to ensure that the information contained within the Quay 1 International Realty website is accurate and up to date, Quay 1 International Realty 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.