Exclusive Listing | Asking Price: R2 700 000
Set within the ever-popular Queens Park Studios, this beautifully curated studio apartment presents a compelling opportunity for both investors and first-time buyers seeking a turnkey asset in a high-demand rental node. Thoughtfully designed and immaculately maintained, the apartment blends modern finishes with a warm, inviting aesthetic, creating a space that feels both functional and effortlessly stylish.
The interior has been carefully configured to maximise space and comfort, offering an open-plan layout that seamlessly accommodates living, sleeping, and dining. The apartment is sold fully furnished and equipped, with a complete inventory of quality fixtures and fittings already in place, allowing for a seamless transition for any purchaser looking to continue its success as a short-term rental or enjoy it as a ready-to-move-in home.
What truly sets this property apart is its proven and versatile rental performance, catering to both long-term stability and high-yield short-term letting. The apartment is currently tenanted on a long-standing lease at R22,000 per month, strategically in place over the winter off-peak Airbnb season to ensure consistent income. During the peak summer months, the property transitions seamlessly into the short-term rental market, where it has demonstrated strong earning potential supported by an active Airbnb presence and consistent 5-star reviews. This dual-income strategy provides investors with both security and the ability to capitalise on Cape Town’s high-demand tourist season, offering a well-balanced and optimised return profile.
In addition, the property generates a further R900 (excl. VAT) per month from a secure parking bay with direct access to the building, enhancing its overall income stream.
The building itself is well-positioned and sought-after, offering a secure and well-managed environment. Monthly levies are competitively set at R1,684.37, inclusive of water usage, while rates are approximately R445.22. Electricity is prepaid, averaging around R500 per month, ensuring ease of management and cost control.
Whether you are looking to expand your investment portfolio with a high-performing, income-generating asset, or secure a stylish city pad with excellent flexibility, this studio apartment ticks all the boxes. With its combination of strong returns, prime positioning, and fully furnished convenience, this is an opportunity not to be missed.
Size: ±47sqm
Asking Price: R2 700 000