11 Bed House in Observatory

Expect excellent returns from this property student rental income makes it possible.

* 6 Bachelor units each with a kitchenette and bathroom. Every unit has a pre-paid electricity meter.

* The main house offers 4 double rooms rented out and one single room with two bathrooms to share.

* A self-catering kitchen comes with built-in stove and oven, and lots of built-in cupboards light and airy.

* A sunny stoep on the north side of the house is enclosed and is used as a TV-room.

* This is a freestanding house in a good condition and within walking distance to the UCT shuttle service. A shopping centre with Pickn Pay and pharmacy is about 500 meters away.

* The house is fully occupied and brings in a monthly rental of approximately ZAR 50,000 per month.

* The property is registered with the University of Cape Town and the Cape Peninsula University of Technology.

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