Observatory, Cape Town

Exclusive Sole Mandate.

A compelling investment opportunity in Observatory, this GR2 zoned property is currently utilised as student accommodation and generates an excellent rental income. Offering 117 m² of well-proportioned accommodation, this versatile property presents an attractive proposition for investors seeking an income producing asset with excellent future potential.

Situated in Chatham Road, Observatory, this spacious home offers three bright and sunny bedrooms, each fitted with built-in cupboards. Two bathrooms service the property, including a private en-suite bathroom with a shower, basin and toilet, as well as a spacious family bathroom with a shower, basin and toilet.

The fully fitted kitchen is equipped with a fitted stove and oven, providing a practical and functional space for everyday living.
Additional features include Wi Fi readiness, prepaid electricity and off-street parking. The fully tiled interior and generous proportions create a comfortable living environment, while the property offers a safe and secure setting.

Currently utilised as student accommodation, the property provides an established opportunity to continue generating rental income. Its convenient location places it within close proximity to UCT, Riverlands, public transport, restaurants and Groote Schuur Hospital, making it particularly appealing to students, professionals and investors.

The property's versatility is a key advantage. Continue using it as student accommodation and benefit from its rental potential, or transform it into a spacious and comfortable family home.

The GR2 zoning further enhances the property's investment appeal, offering flexibility for the discerning purchaser.
Property Features
• GR2 zoning
• 117 m²
• Three bedrooms
• Built in cupboards
• Bright and sunny bedrooms
• Two bathrooms
• En suite bathroom
• Spacious family bathroom
• Fully fitted kitchen
• Fitted stove and oven
• Fully tiled throughout
• Wi Fi ready
• Prepaid electricity
• Street parking
• Spacious accommodation
• Safe and secure
• Currently utilized as student accommodation
• Excellent rental income potential
• Ideal investment or family home

An exceptional opportunity to acquire a versatile GR2 zoned property with established student accommodation use and excellent income generating potential in the sought-after Observatory area.

Whether you are looking to expand your investment portfolio or secure a spacious home, this property offers flexibility, value and opportunity.

Contact Gafsa today to arrange your private viewing.