R 1 600 000 | 2 bed property for sale in observatory

Investors!! A lucrative offer is now available in the prime suburb of Observatory Jhb. A walk away from prestigious schools and easy acces to all other amenities, the suburb is ideally located. A 2 bedroom cottage on 1000m² plot which is well suited and approved for development of 4 townhouses up to 3 floors in height. The cottage is rented out- either earn rental income while your building project resumes; or live in and oversee your project in progress. Accomodation in the area is in high demand due to safety and care by residents associations and security of an enclosed and boomed off suburb.

Available from 01 Sep 2025.