Spacious 8 Bedroom 4 Bathroom Student accommodation house
*** SOLE & EXCLUSIVE MANDATE ***
Set in the heart of Observatory, this characterful double-storey Victorian residence offers a compelling fully tenanted investment opportunity in one of Cape Town's most sought-after student suburbs.
The flagship property accommodates eight bedrooms across two floors — five downstairs and three upstairs — each fitted with a built-in wardrobe and dedicated desk area. Four en-suite bathrooms and two shared bathrooms serve the residence, with a generously proportioned furnished kitchen featuring Caesarstone countertops and a full complement of appliances, including washer/dryers.
The open-plan kitchen and lounge flow via sliding doors onto a covered outdoor braai patio, with a built-in braai area.
The home retains its Victorian character through solid wooden doors and aluminium windows, and was comprehensively renovated within the last five years — presenting in excellent condition throughout.
It is being sold fully furnished and 88% occupied (only 1 room available). Currently generating R55,500 per month / R666,000 per annum, the property is managed on a full turnkey basis, making it a truly hands-off investment.
* Solar panels, battery inverter, electric fencing, welded wire mesh panel fencing, and rendered brick perimeter walls ensure reliable, low-maintenance operation.
* Zoned MU2.
* This is a VATable sale — (5,995,000 Excl. VAT) purchasers acquiring in a VAT-registered entity may qualify for zero-rating.
Observatory is a vibrant, well-connected suburb with strong and consistent student demand, positioned minutes from UCT, CPUT, and the CBD.
Set in the heart of Observatory, this characterful double-storey Victorian residence offers a compelling fully tenanted investment opportunity in one of Cape Town's most sought-after student suburbs.
The flagship property accommodates eight bedrooms across two floors — five downstairs and three upstairs — each fitted with a built-in wardrobe and dedicated desk area. Four en-suite bathrooms and two shared bathrooms serve the residence, with a generously proportioned furnished kitchen featuring Caesarstone countertops and a full complement of appliances, including washer/dryers.
The open-plan kitchen and lounge flow via sliding doors onto a covered outdoor braai patio, with a built-in braai area.
The home retains its Victorian character through solid wooden doors and aluminium windows, and was comprehensively renovated within the last five years — presenting in excellent condition throughout.
It is being sold fully furnished and 88% occupied (only 1 room available). Currently generating R55,500 per month / R666,000 per annum, the property is managed on a full turnkey basis, making it a truly hands-off investment.
* Solar panels, battery inverter, electric fencing, welded wire mesh panel fencing, and rendered brick perimeter walls ensure reliable, low-maintenance operation.
* Zoned MU2.
* This is a VATable sale — (5,995,000 Excl. VAT) purchasers acquiring in a VAT-registered entity may qualify for zero-rating.
Observatory is a vibrant, well-connected suburb with strong and consistent student demand, positioned minutes from UCT, CPUT, and the CBD.
Monthly Rates
R1,850
Features
Interior
Exterior
Sizes
Additional Amenities
Listing Info
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Revo Property website is accurate and up to date, Revo Property 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.
