Observatory, Cape Town

Character-Filled 4-Bedroom Student Accommodation in Observatory A fantastic opportunity to secure a well-positioned student accommodation property in the heart of Observatory. This character-filled home offers five bedrooms, making it ideally suited to student living, with the added appeal of the original features that give older Observatory homes their distinctive charm. The property boasts beautiful original wooden floors and impressive double-volume ceilings, creating a wonderful sense of space throughout the home. With five well-proportioned bedrooms, the property lends itself perfectly to student accommodation, shared living or an investment buyer looking for a property in one of Cape Town's most established student neighbourhoods. Observatory remains incredibly popular with students and young professionals thanks to its proximity to UCT, Groote Schuur Hospital, public transport routes, shops, restaurants and the Observatory lifestyle precinct. Key Features: - 4 bedrooms - Ideal student accommodation - Original wooden floors - Beautiful high / double-volume ceilings - Character-filled Observatory home - Excellent investment potential - Convenient access to UCT, Groote Schuur Hospital and surrounding amenities - This property is rented to students for 10 months of the year, then Air bnb'd for 2 months. The student portion equates to a gross income of +/-R40 000. A great opportunity for an investor looking to secure a substantial property in a consistently sought-after rental area.