R4,395,000

Office for sale in Observatory

DUAL PURPOSE GREAT INVESTMENT - OBSERVATORY

Dual purpose investment/7 bedroom student accommodation plus business space.

This unique and well maintained property offers an abundance of opportunities as a multipurpose investment. Situated on Lower Main Road Observatory.

First and second section of this ERF has been established and converted to stylish Student accommodation. Offering two separate entrances to seven bedrooms, four bathrooms all with showers and toilets, large kitchen with dinning area and lounge. All bedrooms have an abundance of natural light and are plus minus 4x5.5 square meters and bigger all have beautiful laminate flooring. Parking for three vehicles. The property at the back section has the opportunity for another two floors to be added on.

Third section of this ERF has its own entrance which would be the third entrance to this property via the service entrance, offers parking, open space which could be utilized as a business/workshop/studio separate from the student accommodation. Solar geyser, prepaid electricity installed and good security, burglar bars throughout, electric fence. This building offers three separate entrances which can easily be reconfigured to your requirements leaning towards three individual usages.

Pre-paid water meter and fibre is available.

This will be a fantastic opportunity to add more value to this property and to extend it further.

Property Type
Office
Stand Size
266m²
Building Size
298m²
Rates & Taxes
R1,500
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office listed on 22 Jun 2020