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10 Bedroom Apartment Block For Sale in Gardens
R14,995,000
Monthly Bond Repayment R157,335.94
Calculated over 20 years at 11.25% with no deposit.
Web Ref No RL23819
Prime Investment Opportunity in Gardens
Nestled just meters from Cape Town’s 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 Street’s 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 Town’s most sought-after neighborhoods. Don’t miss the chance to invest in this highly desirable location, where land and development potential are in high demand.
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 Street’s 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 Town’s most sought-after neighborhoods. Don’t miss the chance to invest in this highly desirable location, where land and development potential are in high demand.
Features
Bedrooms 10
Security Yes
Bathrooms 8
Recep. Rooms 14
Land Size 463m²
Pets Allowed Yes
Monthly Rates R7,000.00
Security Yes
Bathrooms 8
Recep. Rooms 14
Land Size 463m²
Pets Allowed Yes
Monthly Rates R7,000.00
On Show
Date Wednesday, 08 January 2025
Time 17:00 to 18:00
Time 17:00 to 18:00
VIEW BY APPOINTMENT
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