12 Wesley Street – Observatory

ZAR 3,950,000

Off street parking x 3

7

5

Walk through this property with my video tour

More Features

Plot Number: 25814

Plot Size: 546 sq.meters

Floor Size: 154 sq.meters

Monthly Rates: ZAR 1680

Present Rental Income: ZAR 40,000 per month

Availability: Negotiable

Observatory property – ZAR 3,950,000– Houses for sale in Observatory

This property is now an income generating student house. In 10 years from now, and as demand increases, it could be developed into a small apartment block.

* Four double bedrooms in the main house shares a full bathroom. There is also a separate w/c and hand basin.
* The main house further consists of a bedroom en-suite, communal kitchen and lounge / TV-room that opens to the garden through glass sliding doors.
* A self-contained sleeping unit with its own kitchenette and bathroom, and another bedroom en-suite are outside of the main house with separate entrances.
* Secure parking for 3 cars, a swimming pool, a sunny stoep, and a private and secure garden with mountain views.
* The property was converted into student accommodation by the present owners. The leases are done through a rental agency and the net income now is ZAR 30,000 per month.
* The house is in a fair condition, with wood floors and high ceilings. It is a very central and quiet position.
* This freestanding house is on a big plot that could be demolished and developed into an apartment block as demand in this central location increases over the years.

12 Wesley Street, Observatory

Floorplan

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