Rondebosch, Southern Suburbs, Western Cape ID 1248521
Apartment/Flat
1.0
3
116m2
Calling all savvy investors: this is the kind of asset that seldom comes to market. A spacious, renovated 3-bedroom apartment in a high-demand area—already tenanted and generating R19,000 in monthly rental income—is now available for sale. With a lease secured for the next 12 months, this property offers guaranteed income from day one. Set in a well-maintained block, this apartment is significantly larger than average and ideally positioned for consistent occupancy. It’s currently home to reliable tenants, and its proximity to UCT, Varsity College, Abbots College, and key transport arteries (M3, N2, M5) makes it a magnet for students, academics, and young professionals alike. The apartment features a brand-new kitchen with a built-in oven and hob, three generously sized bedrooms with built-in cupboards, a neat shower bathroom with a separate toilet, and an enclosed patio accessible from both the lounge and the main bedroom. Additional perks include a secure, undercover parking bay, fibre readiness, and prepaid electricity—making it as low-maintenance as it is profitable. Numbers that make sense: Monthly Rental: R19,000+- Annual Rental: R228,000 Asking Price: R2,995,000 Gross ROI: ±7.61% This is a high-yield investment in a location with consistently strong rental demand. With quality tenants already in place and no downtime required, it’s the ultimate plug-and-play addition to your portfolio. Secure your piece of Cape Town’s rental market—this one won’t last.
Soukop Sea Point
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