House for Sale in Observatory

Description

Accepting Offers. DESCRIPTION: This student accommodation set in the heart of Observatory and close to shopping centre and public transport. Discover the ultimate student living experience with Jammie Shuttle Service nearby.   Sold as going concern.   Area 1: Income R43,100.00 per month • 8 Bedrooms • 2 Bathrooms • Kitchen   Area 2: Income R25,900.00 per month  • 4 Bedrooms • 2 Bathrooms • Large lounge area with mountain views, could potentially add another bedroom • 2 Kitchens  Each room has bed, desk, chair and cupboards.   Area 3: Potential income – ±R46,000.00 per month • Owner currently utilizing 3 bedrooms • Can be an additional 6 students • Another back bedroom not currently let can be another ±R5,000.00 per month   Flatlet: • Lounge • Kitchen • Bathroom • Potential rental of ±R8,000.00 per month   Extras: • Double garage tiled with direct access into house. • Borehole with 100% drinkable water. • Good security • Great investment with guaranteed income due to shortage of student accommodation   Current Rental: ±R69,000.00 per month Potential Rental: ±R115,000.00 per month DETAILS: • Erf No: 16056, Cape Town • Erf Size: 235m² DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.