Web Ref No DPG2761107

9 Bedroom 5 bathroom Investment opportunity in Observatory
This 9 bedroom , 5 bathroom house is currently being utilised for student accommodation.
The amount generated by the property Pre Covid was R43 350 per month when fully let.
At present due to the intake and Covid the owner has only rented out 5 rooms for health reasons (Covid). For the 2022 intake, buyers would be looking at R45 000 minimum at an average of R5000 per room.
The property has a large shared tiled kitchen with open plan lounge area. This opens onto an open outside area which I used to socialize and also attend to the laundry. There is a solar heater on the roof, and also a geyser management system, that keeps down electricity payments.
The property also comes with 100 Meg fibre and 2 x air conditioners.
The property is graded MU2 , so there is an option to build up and redevelop increasing the bulk factor.