36 Bedroom House for sale in Observatory

*** SOLE & EXCLUSIVE MANDATE *** 36 bedrooms across 7 houses I Fully occupied I ±9117m2 gross lettable area. Invest in one of Cape Town's most established student precincts. The Baker is a fully occupied, income-generating student accommodation property comprising seven fully furnished residential houses in the heart of Observatory — delivering consistent returns in a location where student demand never sleeps! What's included: * 36 fully furnished bedrooms across 7 individually configured houses — sold fully furnished, contents included * Solar power & backup battery — uninterrupted living, no load-shedding stress * Perimeter security including welded wire mesh fencing & electric fencing * Tag-access entry control per house with SMS backup code system * Built-in braai patios across all houses — premium lifestyle finishes throughout * Turnkey asset — all leases in place, full furniture registry included VATable Sale — (R29,995,000 excl VAT) Potential Zero Rating: This is a sale by a VAT-registered seller, making it a VATable transaction. Qualifying purchasers buying through a VAT-registered entity may be able to zero rate the transaction, effectively eliminating the VAT cost and meaningfully improving the overall return on investment. Prospective buyers are advised to consult their tax advisor to confirm eligibility. The numbers speak for themselves - 100% occupancy. Gross annual rental income of approximately R3.3 million. A fully tenanted, turnkey asset — sold fully furnished with like-new interiors and a comprehensive asset registry — with consistent demand driven by Cape Town's thriving student population. The Property The Baker is zoned Mixed Use 2 * Erf 25486 | 908m2 | Houses 1–7 * House 1 = 6 Bedrooms, 4 bathrooms * Houses 2 - 7 = 5 Bedrooms, 3 bathrooms Total gross lettable area: ±911m2 Bordering the Liesbeek Parkway and directly alongside AFDA's Cape Town campus, The Baker is within easy reach of UCT and other major tertiary institutions — placing it firmly in the heart of Cape Town's most sought-after student precinct. This is a spectacular property, not to be missed - Contact me for more information and to set up an appointment to view.