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59 Lower Main Road, Observatory, Cape Town, Western Cape
R 3 150 000
This is the very heart of Observatory, where you can feel the vibe and spirit of the neighborhood? * The property is suitable as an AirBnB, business premises, or long term rental investment. * Accommodation consists of three bedrooms, each with an own en-suite bathroom and built-in cupboards. * A guestroom is upstairs. * The living room / lounge is in front by the entrance. An outside area in from is also private and secure and overlooks the Lower Main Road. * Your fitted, eat-in kitchen with washing machine and dish-washing facilities has lots of built-in cupboards and a pantry for storage. A fireplace and skylights here too. * A wash basin is by your back door that leads to a private, paved and secure parking area. * The property has new electrical wiring with a pre-paid meter and high-tech alarm. * Vacant occupation on transfer is possible. * Walking distance to the train station, hospital, supermarkets, local bars and restaurants. The property is rented out on a 1-year lease until 30 April 2027 generating a rental of ZAR 21,500 per month. Please note that no personal viewing of the property is possible during this time. You can however benefit from my walk-though video taken earlier this year. Reply to this advertisement and receive a floorplan and video tour of the property
Estimated monthly repayment
R 29 746
on a R 2 835 000 bond over 20 years at 11.25%
Estimate only — actual rates depend on your credit profile + bank approval. Consult a bond originator for a formal quote.
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59 Lower Main Road, Observatory, Cape Town, Western Cape
Area view — the exact address is shared on enquiry.
Fair-value check
Fairly pricedIn line with comparable 3-bed houses for sale in Observatory
Based on 19 comparable listings
A market signal from comparable listings — not a formal valuation.
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