1 Bedroom Apartment For Sale in Cape Town

Property description

Secure your stake in one of Cape Town's most sought-after hospitality addresses — The Onyx Apartment Hotel, positioned directly opposite the Cape Town International Convention Centre on Heerengracht Street.

This fully furnished 8th floor studio forms part of a professionally managed rental pool operated by Newmark Hotels, delivering consistent monthly income with zero management required from the owner. Based on 2026 trading figures, the building achieves a net yield of ±10% — backed by actual performance, not projections.

The Foreshore precinct is Cape Town's fastest-evolving urban node, with the R14 billion Harbour Arch development and CTICC East expansion driving sustained short-stay demand. This is a clean, income-producing asset in exactly the right location at exactly the right time.
Additional units available. Full portfolio of 5 units also available for strategic buyers seeking ±R1.6M net annual income.

Fully furnished & equipped (furniture, appliances, linen & kitchenware included)

8th floor studio — open-plan bedroom, living area & kitchenette

Private en-suite bathroom (shower, basin & toilet)

Professionally managed rental pool — Newmark Hotels

±10% net yield based on 2026 actual trading income

Monthly net distributions paid to owner

Sectional title ownership

General Business 6 zoning — hotel & short-stay use permitted

Gymnasium, residents' lounge & concierge

Secure basement parking available