4 Homes - One sale - with Prime Development Potential in Observatory
**** SOLE AND EXCLUSIVE MANDATE ****
This sale comprises four adjoining houses, each featuring 2 bedrooms, 1 bathroom, a lounge, kitchen, and a small private courtyard. The properties are being sold together as a single lot, offering a unique opportunity to secure a sizeable footprint in the heart of Observatory.
While they can be retained as straightforward residential homes, their Mixed Use 2 (MU2) zoning opens the door to far greater potential — whether that’s student accommodation, modern apartments, or a creative mixed-use development.
Property Details:
* 4 Adjacent Homes (Sold Together as One Lot)
* Sizes: 76m², 77m², 78m² & 79m²
* Total combined size: 310m²
* MU2 zoning ensures flexibility and density for development.
Why Observatory?
* Student Demand: Observatory is highly sought-after for student accommodation due to its proximity to UCT, UCT Medical School, and other tertiary institutions.
* Transport Links: Excellent connectivity with public transport, major highways, and MyCiTi routes, making it attractive for students and young professionals alike.
* Lifestyle Hub: Observatory has transformed into one of Cape Town’s most in-demand neighbourhoods, with a vibrant café culture, trendy restaurants, bars, and creative workspaces.
* Growth Potential: The area is undergoing steady urban renewal and gentrification, making it a prime spot for investment.
This is a rare chance to secure a multi-property block in a rapidly evolving and sought-after area.
In addition, for those that are interested, I have 3 neighbouring properties (also MU2 zoned) that are available separately, offering the potential to consolidate and create a truly exceptional large-scale residential or mixed-use development - Please get in touch if this something you would like to look into further.
This sale comprises four adjoining houses, each featuring 2 bedrooms, 1 bathroom, a lounge, kitchen, and a small private courtyard. The properties are being sold together as a single lot, offering a unique opportunity to secure a sizeable footprint in the heart of Observatory.
While they can be retained as straightforward residential homes, their Mixed Use 2 (MU2) zoning opens the door to far greater potential — whether that’s student accommodation, modern apartments, or a creative mixed-use development.
Property Details:
* 4 Adjacent Homes (Sold Together as One Lot)
* Sizes: 76m², 77m², 78m² & 79m²
* Total combined size: 310m²
* MU2 zoning ensures flexibility and density for development.
Why Observatory?
* Student Demand: Observatory is highly sought-after for student accommodation due to its proximity to UCT, UCT Medical School, and other tertiary institutions.
* Transport Links: Excellent connectivity with public transport, major highways, and MyCiTi routes, making it attractive for students and young professionals alike.
* Lifestyle Hub: Observatory has transformed into one of Cape Town’s most in-demand neighbourhoods, with a vibrant café culture, trendy restaurants, bars, and creative workspaces.
* Growth Potential: The area is undergoing steady urban renewal and gentrification, making it a prime spot for investment.
This is a rare chance to secure a multi-property block in a rapidly evolving and sought-after area.
In addition, for those that are interested, I have 3 neighbouring properties (also MU2 zoned) that are available separately, offering the potential to consolidate and create a truly exceptional large-scale residential or mixed-use development - Please get in touch if this something you would like to look into further.
Monthly Rates
R12,000
Features
Interior
Sizes
Listing Info
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Revo Property website is accurate and up to date, Revo Property makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
