UNDER OFFER ENTIRE BUILDING IN SEA POINT

R19,950,000
1212
Description

UNDER OFFER ENTIRE BUILDING IN SEA POINT

Block Of Units - Sea Point Western Cape

EXCLUSIVE SOLE MANDATE: UNDER OFFER ENTIRE BUILDING IN SEA POINT

TWO-STORY BUILDING | SIX UNITS | UNIT SIZES 90m2 | 4 PARKING BAYS | POOL AND GARDEN | UNIQUE INVESTMENT OPPORTUNITY

Calling investors seeking to benefit from Cape Town’s booming short-term and AirBnb rental property market in the heart of Sea Point’s buzz.

This opportunity is a prime choice, flawlessly combining location, design, and financial potential.

With GR4 zoning, the two-story building consists of six units which offers a perfect blend of convenience and functionality.

The beach and the world-renowned Sea Point Promenade are one and a half blocks away – An unbeatable location which allows residents to stroll to nearby grocery stores, delis, restaurants and bars, all within a 1km radius.

Two levels with three separate apartments each, provides six independent living spaces. The units range in size from 87 to 99 square meters, all featuring open balconies or exclusive use areas, guaranteeing spacious and comfortable living for residents.

One of the remarkable features of this property is that the ground floor apartments open up to a large, sunny, and private back courtyard, providing an additional outdoor space for relaxation and enjoyment. The top three units also have direct access to the courtyard below via an open stairwell, making it ideal for a pool and entertainment area upgrade.

Parking is at a premium in Sea Point and this building solves the problem with four dedicated parking bays behind secure gating, ensuring convenience and accessibility for residents and their guests. Additionally, convenient and safe parking is available just one block away in the St John’s Piazza basement garage, with optional monthly rentals.

Each unit within the building showcases a well-thought-out layout, consisting of two bedrooms and two bathrooms, all filled with natural sunlight. The units also offer breathtaking mountain views, high ceilings, and a sunny ambiance throughout.

For investors, the potential return on investment is significant. We have short-term rental projection reports available upon request. The property has long-term tenancies in place, with break clauses.

In conclusion, this building presents an exceptional opportunity to own a well-designed and highly profitable investment in one of Cape Town’s most desirable and booming neighborhoods.

Please note that transfer duty is applicable for the sale of this property.

Levy as of 2024: ± R1700 per unit
Rates as of 2024: ± R1800 per unit

Contact us today for more information or to schedule a viewing.

Property Features
  • Block Of Units
  • 12 bed
  • 12 bath
  • Land is 638 m²
  • 4 Open Parking Spaces

“We can’t wait to help you find your dream home in Cape Town!” – Jodi & Monica

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