R 69 000 000 | business property for sale in observatory

R5.5 MILLION ANNUAL INCOME | FULLY TENANTED - 2,414sqm Prime Land (GB1 Zoning) - 44 Residential Units - 10 Commercial Tenancies - 30 Parking bays (2 Disabled bays) 44 Versatile Rental Units: - 40 Brand new, fully furnished studio apartments (modern finishes) - 4 Original character units (1 spacious apartment 3 compact ex-domestic quarters) - perfect for value-conscious tenants Stable Income: R459,135/month (R5.5M/year) gross rental Diversified Tenants: Residential Commercial (low vacancy risk) Well-Maintained: Turnkey investment in high-demand Observatory location "A rare chance to own a cash-flowing mixed-use gem in Observatory!" 44 Residential flats 10 Commercial Units Approved plans for a further 30 apartments