10 Bed House in Sea Point

Nestled just meters from Cape Towns iconic Kloof Street, this delightful Victorian-style apartment block is a rare investment gem. Comprising 7 apartments with 10 spacious bedrooms, this property presents an exceptional opportunity for short-term rentals, offering impressive income potential. Offered under a single title deed, this property is an ideal candidate for both passive income and long-term growth.

Key Features:

7 Apartments, 10 Bedrooms: Spread across two levels (ground and first floor), offering a mix of:

3 - Two bedroom apartments

4 - One bedroom apartments

Airbnb Potential: With its prime location and appeal, this property is ideal for short-term rentals, making it a fantastic investment for those seeking a steady rental income.

Prime Location: Just steps away from Kloof Streets trendy cafes, restaurants, and shops.

Privacy and Tranquility: Secluded behind mature trees and vines, providing a serene and tranquil atmosphere.

Sunny Outdoor Spaces: Leafy terraces, private courtyards, and sun-drenched patios perfect for relaxation.

Victorian Charm: High ceilings, original detailing, and ample natural light streaming through both the front and rear of the building.

Stunning Views: Enjoy glorious mountain and garden views from select units.

Additional Information:

Zoning: GR4, offering development potential UP to 8 floors

Heritage Property: Built in 1929, blending historic architecture with modern comforts.

Lease Agreements: The majority of tenants are on month-to-month leases, providing flexibility for future plans.

Parking: Street parking,

Security: Within a 24 Hour CCID monitored area

Single Title Deed: The entire property is sold under one title deed, simplifying the ownership structure and offering future flexibility for expansion or subdivision.

In a rapidly developing area, properties like this, with such a significant amount of land in Gardens, are becoming increasingly rare. This unique offering provides an opportunity to secure a prime piece of real estate in one of Cape Towns most sought-after neighborhoods. Dont miss the chance to invest in this highly desirable location, where land and development potential are in high demand.