This gem is hidden in the sought-after residential area of the popular Robins Road, Observatory. Close to all major routes and with merely a 10-minute drive to Cape Town CBD. The house is semi-detached and nestled between 2 newly renovated units. Walking distance to some of Observatory’s most trendy restaurants and coffee shops.
The house if filled with character and comprises of extraordinary potential. A complete revamp will change this old beauty into a remarkable investment opportunity.
Comprising of high ceilings, sizable bedroom with loft study, and lounge with working fireplace. The kitchen is incredibly spacious with a separate scullery containing 2 x plumbing points for a dishwasher and washing machine. 1 x Full bathroom is available with bath, shower, toilet, and basin. A small courtyard in the back accompany this home – perfect for adding a built-in braai.
Security is in place with burglar bars, security gates, and a de-activated alarm system. After an interior and exterior facelift will an achievable rental be estimated at R11 000pm offering you a Gross Rental Yield of 7.76% on the current purchase price.