"Observatory is a buzzing, vibrant community where commercial and residential properties have co-existed in harmony for many years."
A large corner property in Observatory, with “massive potential”, will soon go under ClareMart’s hammer, says Nikolai Mynhardt, an auction consultant with the group.
Observatory is a buzzing, vibrant community where commercial and residential properties have co-existed in harmony for many years, he says.
The quaint home on offer has two bedrooms and two bathrooms, which make it highly attractive, he says. “The living areas include an open-plan kitchen and spacious lounge, with a dual fireplace that adds character.
“Original Oregon pine floors and high ceilings are among the tasteful finishes that characterise the home. Large windows let in ample natural light and the house gets both morning and afternoon sun.”
The property includes a self-contained unit with bedroom, bathroom and kitchen, which could yield upside rental income, he suggests.
“In addition, there is tandem parking space for two vehicles, which further improves the safety appeal of the property.”
The property is spacious and well-maintained, and, if bought for the rental market, could yield significant returns.
“The area is alive by day and night and the demand for rental stock almost always outweighs the supply.”
4 Lytton Street, Observatory, will be on show between 2pm and 5pm on March 10 and will be auctioned on site at 2pm on March 13.