2,988m² Building For Sale in Observatory

Prime Investment: Fully tenanted, mixed-use property generating R5.5 million in annual gross income. Immediate Cash Flow: Stable income of R459,135 per month, offering immediate returns.

Property Details:

* 2,414 sqm prime land with GB1 zoning in Observatory, Cape Town.
*44 residential units and 10 commercial tenancies for diversified income.
*30 on-site parking bays (including 2 disabled bays).

Residential Mix:

*40 brand-new, fully furnished studio apartments with modern finishes.
*4 original character units (1 spacious apartment + 3 compact ex-domestic quarters) for diverse tenant appeal.

Future Growth Potential: Approved plans for an additional 30 apartments, providing significant development and revenue opportunities. Turnkey Asset: Well-maintained and located in a high-demand area, offering a rare, cash-flowing investment.

To arrange a viewing or discuss your business requirements, please contact Rob. He will be able to assist you with various suitable options.