Private
9 months ago
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19 Devon Street Woodstock, Cape Town

Houses
Observatory, Cape Town, 7925, South Africa
R2,600,000
Bedrooms: 5
Bathrooms: 3

19 Devon Street Woodstock, Cape Town Investment opportunity in obz excellent 11.1% gross return
Nsfas accredited accommodation.

Sole Mandate

9.4% Net Return (after All deductions: WIFI, rates, cleaning)

* Optional Property Management at R1,700 per month

* ROI based on Marketing Price

Monthly Rent = R24,100 x 12

Costs

WIFI R1,000

Rates R1,100

Cleaning R1,600

Management R1,700 (Optional)

Guaranteed rental income with renewable leases until the end of the year.

Proven records of successful rentals over an extended period of six years.

Can be sold as a turnkey investment, inclusive of all furniture and appliances, allowing the next owner to seamlessly take over this solid and thriving business.

Good condition, with all functions operating smoothly, fully let.

Accommodation:

Five bedrooms with built-in cupboards

Three bathrooms (one is an en-suite)

Open plan living room with fireplace

Fitted kitchen with dining table space

Outdoor entertainment area, built-in braai and garden

Location:

Conveniently situated within the first residential block just off Main Road, this property provides easy access to transportation, shops, vintage stores, coffee shops, restaurants, and other amenities in the highly popular Obz area.

All essential amenities are located within a block of this prime location.

Close to UCT, Groote Schuur with easy access to town.

Security:

The property is well secured.

Area:

OBSID Observatory Improvement District provides public safety service in the area, cleaning and greening services on the streets and parks.

 

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