Western Cape, Cape Town, Cape Town, South Africa
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
2
- SIZE
1,658 sq ft
154 sq m
Key features
- Covered Parking
- No transfer duty
- VAT incl.
Description
This cleverly reconfigured industrial space has been refurbished and converted into two stylish one-bedroom loft apartments, set within a character building on Bree Street, right in the heart of Cape Town’s lifestyle hub.
Originally one large unit, the space now offers a shared main entrance that separates into two well-designed, Brooklyn-style loft apartments. A communal utilities room houses the geysers and washing machine, keeping service areas neatly out of the living spaces.
Apartment 1
One-bedroom loft with striking mountain views and a strong industrial aesthetic. The unit is double-glazed to mitigate street noise, includes secure parking, and currently generates excellent short-term rental income. Sold fully operational as a turnkey investment.
Apartment 2
One-bedroom loft, currently owner-occupied and therefore not producing income at present, but configured and finished to match Apartment 1. This unit also includes secure parking and offers the same income-generating potential. No pictures, but viewing is possible
In essence, this is one large space successfully converted into two separate, income-producing units, both with parking and shared utility facilities. The property must be purchased as a going concern, offering Zero Rated VAT benefits.
An ideal opportunity for investors looking to start or expand a short-term rental portfolio in the Cape Town CBD, in a location with consistently strong demand.
City and Atlantic Real Estate cc Trading as RE/MAX Living, an independently owned and operated franchise of RE/MAX SA. Registered with the PPRA.
Western Cape, Cape Town, Cape Town, South Africa
NEAREST AIRPORTS
Distances are straight line measurements- Cape Town(International)8.0 miles
Notes
This is a property advertisement provided and maintained by RE/Max Living, Cape Town (reference 2473513) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.