R 14 950 000
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42 Bed House in Observatory

42 42 386 m² 960 m²

Get a foothold in the ever-growing student rental market.

* 42 Bedrooms, each with an en-suite shower, w/c and hand basin, all furnished with a bed and desk, built-in cupboard and storage trunk.

* Three fitted kitchens with dining areas.

* Two lounge areas to relax or what television.

* Biometric access control with security cameras all around the property, on the inside and outside, monitored from the reception area.

* Laundry facilities offer washing machines and dryers operating with tokens. There is also an outside washing line area.

* This is a freestanding building in the middle of the different campuses around Observatory. It is within walking distance to AFDA.

* The property is generating a monthly income that can comfortably cover a 100% mortgage, the rental income now in the order of R200,000 per month.

* See the pamphlet at the end of the pictures.

REPLY TO THIS ADVERTISEMENT AND RECEIVE A FLOORPLAN AND VIDEO TOUR OF THE PROPERTY.

Property details

  • Listing number T4832504
  • Property type House
  • Erf size 386 m²
  • Floor size 960 m²
  • Rates and taxes R 14 300

Property features

  • Bedrooms 42
  • Bathrooms 42
  • Garages 1
  • Study
  • Furnished
  • Kitchen
  • Intercom

Photo gallery