R 1 099 000

Studio Apartment in Observatory

0.5 1 1 32 m²

Charming Ground-Floor Studio with Private Garden

Welcome to a truly special investment opportunity in the heart of Observatory, Cape Town. Nestled within the secure and modern complex known as The Factory, this ground-floor studio apartment is a rare gem.

The property is located in an area known for strong rental yields, making it a smart investment for your property portfolio. It is walking distance to AFDA and close to The University of Cape Town and is therefore a superb choice for student accommodation. What sets this apartment apart is the presence of a reliable, long-term tenant with a proven track record who is willing to remain if the new owner wishes. This means immediate rental income from day one.

Upon entering, youll be greeted by abundant natural light streaming through large sliding doors that open directly onto your own private garden - a coveted feature in this neighbourhood. This outdoor space offers a peaceful retreat for relaxation and entertaining, adding significant value to the property.

The interior boasts a sleek, open-plan design with modern, high-end finishes throughout. The kitchen is stylishly equipped with an oven, stove, and a plumbing point for convenience, while the bathroom features a chic glass walk-in shower. With ample built-in cupboards throughout the hallway, youll have no shortage of storage space. The property also offers one, secure and covered parking bay.

Residents of The Factory enjoy top-notch security with 247 manned access, as well as exclusive access to a rooftop pool boasting panoramic views of Table Mountain and a well-equipped gym. Situated on a quiet road, the apartment is still just a short stroll from the vibrant Lower Main Road with its array of shops and eateries.

In essence, this is a perfect lock-up-and-go property offering both convenience and a touch of luxury in one of Cape Towns most eclectic suburbs.

PILLAR PROPS 15 PTY LTD trading as REMAX Property Associates Table View operates in terms of a franchise agreement with REMAX of Southern Africa.