R2,995,000 | 1 Bedroom Apartment For Sale in Cape Town City Centre

Brilliant AirBnB apartment generating around R250 000 in rental income annually.

This expansive apartment, located in the bustling heart of Cape Town, presents an outstanding investment opportunity, combining luxurious living with exceptional income potential. The apartment's open-plan design features a modern kitchen, complete with a built-in oven, hob, and extractor fan, while a spacious breakfast counter that seats six makes it perfect for entertaining. The air-conditioned lounge is enhanced by a fold-down double bed, maximizing the functionality of the space. The lounge opens onto a balcony, offering stunning views of the city skyline.

The large bedroom includes generous built-in cupboards and direct access to a full bathroom, equipped with both a bath and shower. A secondary entrance to the bathroom from the main living area adds convenience. The building offers a wealth of on-site amenities, including a gym, pool, restaurant, coffee shop, and a Food Lover's Market, blending lifestyle and convenience. A secure parking bay is also included-an invaluable feature in the city. This building does not get affected by loadshedding!

Currently generating an annual rental income of approximately R250,000, this apartment is an ideal option for Airbnb investors. With monthly levies of just R3,325 covering essential services, including electricity, it is a low-maintenance and highly attractive investment. Recently upgraded with R300,000 worth of renovations and priced below the original purchase price, this fully furnished apartment (excluding artwork) represents excellent value. It's more than just a residence-it's a profitable investment in one of Cape Town's most desirable locations.