1 Bedroom Apartment For Sale in Cape Town City Centre, Cape Town

Property description

This exquisite AirBnB investment has an occupancy rate of 99% with a 4.87 star rating (Over 120 reviews) and grossed over ZAR420k in bookings in 2023 alone with that likely to grow between 7-10% in 2024. There is already management in place which runs the apartment superbly - nothing for the owner to do or worry about, so can be sold as a going concern.

This apartment is also great for long term tenants and holds the ultimate competitive advantage as there is no loadshedding. That's because this building is situated on the same grid as the Christiaan Barnard Memorial Hospital and SARS. This makes it one of the few destinations in the entire country which doesn't experience power cuts.

The 55sqm apartment and building comprises of:

- 1 Bedroom

- 1 Bathroom

- 1 Storeroom

- Aircon

- Table mountain view

- Black Glass Smeg Oven and Touch Control Hob

- Ceiling fan in bedroom

- Engineered stone kitchen countertops

- Communal Rooftop pool and deck with breathtaking views

- Fibre ready

- Onsite coffee shop

- 24/7 security and concierge

- If long term parking is desired, one can rent parking for approximately R1000/month right behind the building.