Specious Two bedroom apartment with 2nd Income Earning Commercial Ground For Sale in City Centre

R16,500,000

Cape Town City Centre, Cape Town, Western Cape

Apartment for sale in Cape Town City Centre, Cape Town, 310 m²

Cape Town City Centre, Cape Town, Western Cape

R16,500,000

Ref:1520451
2Bed
2.5Bath
310
Type: Apartment

Description

- Mixed-use building in Cape Town's Waterkant Street

- Ground floor superette with working kitchen and bathroom.  Currently tenanted up to 31 December 2027 receiving rental of R35,707 per month
- Existing spacious 2-bedroom, 2-bathroom apartment (first and top floor) with potential for expansion on the first floor with approved general plans for 2nd storey and potential to build up to 16 floors 
- Currently tenanted and receiving R35,000/month rental income (Apartment) up to 30 September 2026 with potential Air B&B income of R48.000 per month
- Modern apartment features:
- Ample kitchen cupboard space
- Fashionable centre island and extractor fan
- Spacious rooms, lounge, and dining area

Furniture included! 

Includes a well sized balcony and inside fireplace.

Two secure parking bays

Investment potential:

- Prime location in busy Waterkant Street Cape Town
- Existing Commercial and residential tenant provides immediate income stream totalling R83.000-00
- Opportunity to expand and increase rental income

Interested in more details or viewing?  Call me today!

Location

Cape Town City Centre, Cape Town, Western Cape

Data

Object TypeApartment
Purchase PriceR16,500,000
Living Space310 m²
Plot Size310 m²
Bathrooms2.5
Construction YearN/A
ConditionNot specified
Rooms5

Financial Information

RatesN/A
LevyN/A
Special LevyN/A

Contact Agent