R 2 600 000 | 5 bed property for sale in observatory

Financial Overview for 2024: - Rental Income: R312,600 - Net Income after Expenses: R222,468 Fully leased property with a strong rental income projection for the thriving business and property, ready for seamless takeover. Leases signed to the end of 2024. The property is NSFAS accredited. - Guaranteed rental income. - The property is with fully let with signed leases until the end of 2024. - Proven track record of successful rentals spanning six years. - Turnkey investment opportunity which is to be sold inclusive of all furniture and appliances already in use with all systems operating seamlessly. The opportunity effectively includes the thriving business and property, ready for takeover by the new owner in a prime location. Summary of accommodation: - Five spacious bedrooms with built-in cupboards - Three bathrooms, one is en-suite - Spacious open-plan living room with a wood burning fireplace - Well-fitted eat in kitchen - Outdoor entertainment area, complete with a built-in braai and garden Location: Situated conveniently within the first residential block just off Main Road, this property offers easy access to transportation, shops, vintage stores, coffee shops, restaurants, and various amenities in the highly sought-after Obz area. All essential services are within a block of this prime location, making it a convenient and desirable place to rent. With proximity to UCT, Groote Schuur, and easy access to the town, the location is both central and accessible. Security: Well-secured, gates, security bars and an alarm. Area: The OBSID Observatory Improvement District ensures public safety services in the area, along with cleaning and greening services for the streets and parks. Invest in not just a property, but a thriving community.