Investment Opportunity in Observatory – Dual-Dwelling Student Accommodation
This is a well-situated student accommodation property in the heart of vibrant Observatory, Cape Town. This fully tenanted investment gem features two separate dwellings, each offering 5 student-friendly bedrooms, making it a highly lucrative addition to any portfolio.
Dwelling Breakdown
Dwelling A:
* 5 Bedrooms
* 2 En-suite bathrooms
* 3 Bedrooms share a spacious communal bathroom
Dwelling B:
* 5 Bedrooms
* 1 En-suite bathroom
* 4 Bedrooms share a communal bathroom
* Additional separate toilet for convenience
With a total of 10 bedrooms, the property generates a solid R597,600 per annum, and with some modern updates, this figure can be significantly increased.
Investment Highlights
* Consistent rental income from a high-demand student accommodation model
* Prime location for UCT and nearby institutions
* Heritage Grading: 3C, adding character and architectural charm
* Potential for capital appreciation through renovation or development (subject to heritage approval)
* Fully walled and secure
Location: Why Observatory?
Observatory (“Obz” to the locals) is one of Cape Town’s most popular and eclectic suburbs—beloved by students, young professionals, and creatives alike. With easy access to places like
University of Cape Town (UCT), Public transport (Jammie Shuttle, buses, and train station), Trendy cafes, restaurants, and bars, Medical and tech hubs, Groote Schuur Hospital.
The demand for student housing in this area is consistently high, ensuring stable tenancies year-round.
🚀 Growth Potential
A modest refurbishment could enhance the rental appeal and command higher rental rates, increasing the annual return. Investors can also explore optimizing the common areas or modernizing kitchens and bathrooms to further elevate the offering.
Get in Touch - Don't miss this exceptional opportunity to own a high-yielding, heritage-rich student investment property in one of Cape Town’s most in-demand rental zones.
Contact us today to arrange a viewing or request further financials and feasibility projections.
Dwelling Breakdown
Dwelling A:
* 5 Bedrooms
* 2 En-suite bathrooms
* 3 Bedrooms share a spacious communal bathroom
Dwelling B:
* 5 Bedrooms
* 1 En-suite bathroom
* 4 Bedrooms share a communal bathroom
* Additional separate toilet for convenience
With a total of 10 bedrooms, the property generates a solid R597,600 per annum, and with some modern updates, this figure can be significantly increased.
Investment Highlights
* Consistent rental income from a high-demand student accommodation model
* Prime location for UCT and nearby institutions
* Heritage Grading: 3C, adding character and architectural charm
* Potential for capital appreciation through renovation or development (subject to heritage approval)
* Fully walled and secure
Location: Why Observatory?
Observatory (“Obz” to the locals) is one of Cape Town’s most popular and eclectic suburbs—beloved by students, young professionals, and creatives alike. With easy access to places like
University of Cape Town (UCT), Public transport (Jammie Shuttle, buses, and train station), Trendy cafes, restaurants, and bars, Medical and tech hubs, Groote Schuur Hospital.
The demand for student housing in this area is consistently high, ensuring stable tenancies year-round.
🚀 Growth Potential
A modest refurbishment could enhance the rental appeal and command higher rental rates, increasing the annual return. Investors can also explore optimizing the common areas or modernizing kitchens and bathrooms to further elevate the offering.
Get in Touch - Don't miss this exceptional opportunity to own a high-yielding, heritage-rich student investment property in one of Cape Town’s most in-demand rental zones.
Contact us today to arrange a viewing or request further financials and feasibility projections.
Monthly Rates
R900
Features
Interior
Exterior
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.
