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R 14 950 000

Commercial Property for Sale in Observatory

377 Lower Main Road, Observatory, Cape Town

Floor Size 960 m² Erf Size 386 m²
Outstanding investment opportunity for the person with experience
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 Read more...
Listing Number
115075774
Type of Property
Commercial Property
Street Address
377 Lower Main Road, Observatory
List Date
15 October 2024
Erf Size
386 m²
Floor Area
960 m²
Rates and Taxes
R 14 300
Zoning
General Business
Building Name
Baobab Student Accommodation
Gross Lettable Area
850 m²
Facing
Above Road
Roof
Iron
Wall
Brick,Wood
Window
Steel
Standalone Building
Yes
Number of floors
3

Education

Dryden Street Prim
0.33km
Cecil Road Primary
0.36km
Wesley Met. Practising School
0.50km
Salt River Sec
0.60km
Rosmeade College
0.87km
St. Agnes'S Primary
1.12km
Queen'S Park High School
1.20km

Food and Entertainment

Vida e Cafe
0.82km
Crush
0.87km
Mojo
0.93km
Scrumpy Jack
1.00km
Pancho's
1.00km
The River Club
1.00km
Diva
1.02km
Touch of Madness
1.02km
Mimi's
1.05km
KFC
1.07km
Chandrani
1.25km
Woodstock Lounge
1.30km
Jamaica me Crazy
1.31km

Health

UCT Private Academic Hospital
1.31km

Shopping

ABSA
0.75km
ABSA bank
1.02km
Standard Bank
1.25km

Transport and Public Services

Salt River
0.35km
Community Motors
0.45km
Salt River Fire Station
0.65km
Village Green Parking
0.86km
Paarden Eiland
0.90km
Observatory
1.04km

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Werner Steyn

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Werner Property Agents

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Werner Steyn

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