Arguably the best unit in the building, and the light tells you why. Sun pours in through the day, the harbour sits in your view line, and the apartment feels considerably bigger than the square meters suggest.
The building does the heavy lifting on lifestyle. A stunning communal area with bar, pool and gym, and a Spar supermarket plus Tops liquor on the ground floor. Groceries, sundowners and a workout without ever touching your car. When you do, the City Centre is about 7 minutes away and the V&A Waterfront about 9. One secure parking bay is included.
The numbers stack up just as well. The unit is currently tenanted at R12,500 per month with an 8% annual escalation, on a lease currently running until 30 April 2027. That is a current gross yield of 8.93%, with income that climbs well ahead of inflation while you hold. Buy it, collect the rent, and inherit a clean rental record from day one.
But of course you have options. The building is Airbnb friendly, so come May 2027 you can hold the long-term tenant, re-let at market price, or flip to short-term letting and chase the nightly rates this location commands in season. Few investments give you that many exit routes.
Please note: the unit comes unfurnished.
Serious investor stock in a building people actually want to live in. Call me to arrange a viewing.
This listing is presented by Miles Manders.
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.
Disclaimer: Any price displayed in a foreign currency is for information purposes only and is an estimate based on the applicable exchange rate at the time of publication. Exchange rate fluctuations may result in variations. The official asking price is the South African Rand (ZAR) price.