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12 Ivy Street, Observatory, Cape Town City Bowl, Western Cape
R 3 650 000
Prime Student Accommodation Investment in the Heart of Observatory *Furniture can be sold with the property*Welcome to an exceptional investment opportunity located in the vibrant suburb of Observatory. Perfectly positioned within walking distance to several tertiary education institutions, with easy access to major roads, highways, restaurants, and shopping centresthis property offers everything a savvy investor could ask for.The home features 6 well-sized bedrooms, 3 bathrooms, and 3 off-street parking bays. Designed for ease of management and consistent occupancy, it enjoys high year-round rental demand.The property also boasts a spacious open-plan kitchen fitted with plumbing points, a gas stove and oven combo with extractor, and a generous entertainment area. This flows seamlessly into a large garden with a designated braai areaideal for shared use while maintaining tenant privacy.Currently fully let and professionally managed by Revo Property, the property generates a gross rental income of R36,850.00 per month. The seller is also open to including the furniture at an additional cost, making this a truly turnkey investment.Dont miss out on this high-yield opportunitycontact me today to arrange a viewing. Show more Show less
Estimated monthly repayment
R 34 468
on a R 3 285 000 bond over 20 years at 11.25%
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12 Ivy Street, Observatory, Cape Town City Bowl, Western Cape
Listed by
Michael Mnguni
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