1 Bed Apartment in Cape Town City Centre

This spacious 71m2 apartment in the heart of Cape Town is a prime investment opportunity, offering both luxury and convenience with impressive income potential. The apartment boasts a generously sized open-plan layout, seamlessly integrating a stylish kitchen equipped with a built-in oven, hob, and extractor fan. A large breakfast counter, comfortably seating six, makes it ideal for entertaining. The lounge, complete with air conditioning, includes a versatile double fold-down bed, enhancing the space''s functionality. The room opens onto a balcony that provides captivating views of the surrounding cityscape.

The spacious bedroom features ample built-in cupboards and direct access to a full family bathroom, which includes both a bath and a shower. The bathroom also has a secondary entrance, ensuring accessibility from the main living area. Residents have access to a range of on-site amenities including a gym, a Food Lover''s Market, a coffee shop, a restaurant, a reception area, and a pool, offering a blend of convenience and lifestyle. The apartment includes a secure parking bay, a valuable asset in the city.

The apartment is currently generating an impressive annual rental income of approximately R250,000, making it an excellent choice for Airbnb hosting. Monthly levies of R2,845 cover essential services, including electricity, further enhancing the apartment''s appeal as a low-maintenance investment. Priced below what it was originally paid for, this property also benefits from R300,000 in recent renovations, adding significant value and ensuring it stands out in the market. It comes fully furnished, though the art pieces are excluded. This apartment is not just a place to live it''s a lucrative investment opportunity in one of Cape Town''s most sought-after locations.