In Heart of CBD (Airbnb Allowed)Buiten Street, Cape Town City Centre, Cape Town

R 2 995 000
Est Seller Savings  R 224 073*    Est Buyer Savings  R 24 625*
Bedrooms
2
Bathrooms
2
Garages
-
Property Type: Flat / Apartment
Land Size: 92 m2
Floor Size: 92 m2
Est Monthly Levy: R 2 450
Est Monthly Rates & Taxes: R 1 050

Amenities

  • 1 Parking Space

Description

This sunny, North-West facing apartment is located on the seventh floor of Flatrock Apartments and offers wonderful views from the large semi-enclosed balcony. 

The apartment comprises a large open plan kitchen / living area (which gets plenty of natural light from the wall-to-ceiling windows), two bedrooms, and two bathrooms (one en-suite). The living room and main bedroom are air-conditioned. 

The current owner is short-term letting the apartment on AirBnB and generating an average monthly gross rent of R 35k, which equates to a phenomenal gross yield of 13.5%! 

The complex is secure (24-hour manned security), and permits short-term rentals. It's extremely well located between two of Cape Town's most popular streets - Bree Street and Loop Street - and is a short walk away from some of the best coffee shops, restaurants, bars/clubs, and tourist attractions the City has to offer!

The apartment comes with an exclusive parking bay.