Essential investment opportunity in Observatory

Exclusive Mandate | Offers from: R2 495 000 Whether looking to create the ideal family home or for a high rental return, this is one not to be missed. This spacious & bright home situated in Observatory is the next great investment opportunity. Whether purchasing for investment or as your primary residence, there is ample scope to add your own touch and make this something spectacular. With its convenient location minutes from UCT Medical Campus & Groote Schuur Hospital, the home provides the perfect investment opportunity for students and young professionals. As an investment, the property generates a very healthy and stable income and will start paying for itself entirely from day one. In true Observatory fashion, this home boasts a number of sought after features including double volume ceilings, stunning fireplaces in two of the bedrooms, well kept wooden flooring and sash windows at key points throughout which welcome the warm sunlight and create a homely atmosphere. The spacious lounge/dining and kitchen areas create the perfect space for communal gatherings of friends and family while the back courtyard adds further entertainment space perfect for a braai or taking in the sun on a summer day. The house itself is ideally situated being in close proximity to Observatory’s trendy eateries and bars in the main road as well as having quick access into Cape Town (10 minute uber) or towards the Southern Suburbs. Erf: ± 319 SQM Floor size: ± 176 SQM Rates & Taxes: ± R 1 500 Current rental income: R19 500