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4 X Studios Apartments with rental income of R27 930-00!!
R 2,995,000
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General Details
Location:
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):4
Bathrooms (#):4+
Size (sqm):150
Description
Welcome to an exceptional investment opportunity in the vibrant heart of Observatory, Cape Town. This character home has been ingeniously transformed into four separate apartments, offering a blend of comfort, functionality, and prime location. Carefully crafted by seasoned student accommodation investors, this property is a testament to meticulous attention to detail.
Cleverly configured into four studio apartments. Two ground floor units with private gardens and two upstairs apartments. Each apartment features a well-appointed kitchen with an oven/hob. Plumbing for appliances and ample work surfaces for convenience. Built-in desks cater to the academic needs of students. Thoughtful lighting in study areas promotes a conducive learning environment. En-suite bathrooms in each apartment with showers, vanities, and toilets. Apartments boast quality finishes throughout. Multiple plug points and excellent lighting enhance functionality. Each apartment is equipped with its own prepaid water and electricity meters which allows tenants to have control over their utility consumption.
Located in the heart of the Observatory hub. Less than a 1-minute walk to shops, amenities, popular restaurants, bars, and nightlife.
Current rental income of R27 930-00 per month. Potential to increase rental income to +/-R32,500-00. Proven success in the student accommodation market.
Carefully curated by experienced investors. Attention to detail evident in every aspect.
Don't miss out on this opportunity to own a meticulously designed investment property in Observatory, Cape Town. Whether you're an experienced investor or looking to enter the market, this property promises both immediate returns and long-term growth potential.
Property Reference #: 1250807
Agent Details:
Stephen De Villiers
Rawson Properties Claremont
Shop 1 The Beaumont,, Brooke Street, Cape Town, Claremont, Western Cape
Claremont, Western Cape
Cleverly configured into four studio apartments. Two ground floor units with private gardens and two upstairs apartments. Each apartment features a well-appointed kitchen with an oven/hob. Plumbing for appliances and ample work surfaces for convenience. Built-in desks cater to the academic needs of students. Thoughtful lighting in study areas promotes a conducive learning environment. En-suite bathrooms in each apartment with showers, vanities, and toilets. Apartments boast quality finishes throughout. Multiple plug points and excellent lighting enhance functionality. Each apartment is equipped with its own prepaid water and electricity meters which allows tenants to have control over their utility consumption.
Located in the heart of the Observatory hub. Less than a 1-minute walk to shops, amenities, popular restaurants, bars, and nightlife.
Current rental income of R27 930-00 per month. Potential to increase rental income to +/-R32,500-00. Proven success in the student accommodation market.
Carefully curated by experienced investors. Attention to detail evident in every aspect.
Don't miss out on this opportunity to own a meticulously designed investment property in Observatory, Cape Town. Whether you're an experienced investor or looking to enter the market, this property promises both immediate returns and long-term growth potential.
Property Reference #: 1250807
Agent Details:
Stephen De Villiers
Rawson Properties Claremont
Shop 1 The Beaumont,, Brooke Street, Cape Town, Claremont, Western Cape
Claremont, Western Cape
Id Subtitle 1277429867
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Estimated monthly repaymentR 32,458
Total property loan amountR 2,995,000
Total interestR 4,794,687
Total repaymentR 7,789,687
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Rawson Properties Claremont
Selling for 3+ years
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