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Real Estate Listings: » Residential homes » Apartments » ZA » Western Cape » Cape Town » Cape Town » Cape Town City Centre, Cape Town, Investment Opportunity In1

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Cape Town City Centre, Cape Town, Investment Opportunity In

South Africa, Western Cape, Cape Town, Cape Town
Published 2025-04-23
ID #81732888
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1,695,000 R
Cape Town City Centre, Cape Town, Investment Opportunity In
South Africa, Western Cape, Cape Town,
Published 3 weeks ago


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Additional information

Num. of bedrooms: 1
Num. of bathrooms: 1
Lot size: 47 Sq meter
Type of deal: For sale
Price type: Sale price
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Description


Right in the heart of Cape Town’s CBD, nestled directly opposite the Company Gardens and the Planetarium, this character-filled flat is perfectly positioned to access all that the City Bowl has to offer, with a panoramic view of Lion’s Head, Signal Hill, and the city skyline from the living room window.

The apartment features a generously sized open-plan kitchen and lounge area, with loads of natural light from large west-facing windows that frame spectacular mountain sunsets.

With high ceilings and original wooden floors adding warmth to the space, this simple and beautiful flat offers a clean, neutral canvas for a new owner’s design vision.

The bedroom is well-proportioned with built-in cupboards and an en-suite bathroom. The bathroom includes a shower-over-bath and is plumbed for a washing machine or a washer/dryer stack. While the current tenant has opted to place the dryer in the kitchen, the apartment is fully equipped for a more streamlined setup.

Sold fully furnished, this turnkey property is ideal for investors or first-time buyers. The apartment is currently tenanted at R11,130 per month with a lease in place until 28 February 2026, ensuring a secure income stream from day one. This represents an 8% rental yield on investment, which is considered strong in the South African property market.

It is important to note that there is street parking only. The building is not pet-friendly but does allow short-term letting, offering flexibility for future use. With MyCiti bus stops and the Jammie shuttle just a short walk away, the location is both central and highly accessible.

As the property is tenanted, viewings are by arrangement. Contact Cecilia, Amanda or Larry to schedule.


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    082093xxxx Show
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    Amanda Williamson Ppra Registered
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    Registered on 22. Jul 2024
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    1,695,000 R

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    Amanda Williamson Ppra Registered
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    Registered on July 22, 2024
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    Listing location

    South Africa, Western Cape, Cape Town
    Cape Town
    Cape Town City Centre
    Cape Town (Afrikaans: Kaapstad; [ˈkɑːpstat], Xhosa: iKapa) is one of South Africa's three capital cities, serving as the seat of the Parliament of South Africa. It is the legislative capital of the country, the oldest city in the country, and the second largest (after the city Johannesburg). Colloquially named the Mother City, it is the largest city of the Western Cape province, and is managed by the City of Cape Town metropolitan municipality. The other two capitals are Pretoria, the executive capital, located in Gauteng, where the Presidency is based, and Bloemfontein, the judicial capital in the Free State, where the Supreme Court of Appeal is located.The city is known for its harbour, for its natural setting in the Cape Floristic Region, and for landmarks such as Table Mountain and Cape Point. Cape Town is home to 66% of the Western Cape's population. In 2014, Cape Town was named the best place in the world to visit by both The New York Times and The Daily Telegraph.Located on the shore of Table Bay, the City Bowl area of Cape Town, is the oldest urban area in the Western Cape, with a significant cultural heritage. It was founded by the Dutch East India Company (VOC) as a supply station for Dutch ships sailing to East Africa, India, and the Far East. Jan van Riebeeck's arrival on 6 April 1652 established the VOC Cape Colony, the first permanent European settlement in South Africa. Cape Town outgrew its original purpose as the first European outpost at the Castle of Good Hope, becoming the economic and cultural hub of the Cape Colony. Until the Witwatersrand Gold Rush and the development of Johannesburg, Cape Town was the largest city in southern Africa. The city has a long coastline on the Atlantic Ocean, which includes False Bay, and extends to the Hottentots Holland mountains in the East. The Table Mountain National Park is within the city boundaries and there are several other nature reserves and marine protected areas within and adjacent to the city, protecting the diverse terrestrial and marine natural environment.

    Source: https://en.wikipedia.org/

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