Prime Investment Opportunity: Six-Unit - Two-Story Building in Sea Point, Cape Town
This property is a two-story building located in Sea Point, Cape Town, offering six units for investment purposes. Each unit is approximately 90 square meters in size and comes with four parking bays.
The location of the building is described as prime, being close to the beach and the popular Sea Point Promenade, which is a significant draw for residents and visitors alike. Its proximity to grocery stores, delis, restaurants, and bars within a 1km radius adds to its convenience and attractiveness.
The building's layout consists of two levels, with three separate apartments on each floor, providing six independent living spaces. The units are designed to offer spacious and comfortable living, with open balconies or exclusive use areas.
One notable feature of the property is the large, sunny, and private back courtyard accessible from the ground floor apartments, which can be upgraded to include a pool and entertainment area. This adds to the overall appeal and potential value of the property.
Parking is highlighted as a premium amenity in Sea Point, and the property addresses this need with four dedicated parking bays behind secure gating. Additionally, safe parking options are available nearby, further enhancing convenience for residents and guests.
The units themselves boast well-thought-out layouts, featuring two bedrooms, two bathrooms, high ceilings, and natural sunlight throughout. Breathtaking mountain views add to the desirability of the property.
For investors, the potential return on investment is emphasized, with short-term rental projection reports available upon request. The property currently has long-term tenancies in place, providing stability with the option for break clauses.
In summary, this property offers an exceptional investment opportunity in one of Cape Town's most desirable and booming neighborhoods, combining location, design, and financial potential to attract investors seeking to benefit from the city's thriving short-term rental market.
Sign-up and receive Property Email Alerts of Apartment Blocks for sale in Sea Point, Cape Town.
Disclaimer: While every effort will be made to ensure that the information contained within the Home and Hectare website is accurate and up to date, Home and Hectare makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
