Development for sale in Observatory, Cape Town
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Web Ref: 1086601
Property Features
Interior Features
Exterior Features
Sound Investment Opportunity
The property comprises 10 studio units ranging from 20 - 40 square meters. All units are let with signed lease agreements in place, only expiring in January 2022. Total monthly rental is R57 500.
Current costs:
- Rates: R1 350 per month
- Water: R 900 per month
- Electricity (all tenants have prepaid meters), cost to landlord: R750 - R1250 per month (summer vs winter)
- Approved/Accredited by UCT off campus housing
All units have been recently renovated, minimising any maintenance costs.
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