1 Bedroom Apartment For Sale in Foreshore

Description

This modern, fully furnished 39 m2 studio apartment on The Rockefeller, Cape Town's 14th floor, is the perfect opportunity for investors seeking consistent rental income. It would also make an incredible place to live if you work in the city or use it as a base Key Features: >Hotel Pool Membership: Already included in the Newmark Hotel Group rental pool with a variable lease, allowing flexible short lets (in or away from Newmark Hotel Group). >Rental Potential: Achieve approximately R17,000 - R20,000 per month as a long-term let if you remove the unit from the hotel pool. >Fully Furnished: Turnkey-ready with all essentials, including a bed, bar fridge, and ample built-in cupboard space. >Location: Situated in the vibrant Foreshore district Why the Hotel Pool is a Great Investment Strategy: Whilst this property may not be Airbnb-friendly, don't let that put you off investing here. The hotel pool consistently runs at an approximate 80-100% occupancy and performs exceptionally well even during off-seasons. Compare this to the increasingly oversaturated Airbnb market in Cape Town, where units are experiencing lower occupancy rates, and owners are paying around 20% in management fees. With the hotel pool, you'll pay approximately 8% in management fees - that's less than half the typical Airbnb cost. Even better, when your unit is in the hotel pool, The Rockefeller pays your levies on your behalf every month and covers all maintenance costs - yes, all of it. This hands-off approach means predictable income without the hidden fees and hassles that often catch Airbnb investors off guard. Additional Benefits at The Rockefeller: >High-speed fibre connectivity >Top floor indoor pool >Technogym fitness centre (free of charge for all guests and long-term tenants) >24-hour security and concierge service >Backup power generators for uninterrupted living >Secure parking available at an extra cost >Several restaurants and a bar are located in the building >Spa facilities available with prior booking >Conference rooms available to rent Whether you're a savvy investor or simply looking for a property that offers style and convenience, this apartment combines luxury living and solid returns in the heart of Cape Town. Curious? Let's talk if you want to own your slice of Cape Town!