0.5 Bedroom Apartment For Sale in Foreshore

Description

Looking for a hands-off investment that pays out reliably? This 29m² fully furnished studio on the 12th floor of The Rockefeller delivers exactly that — and doubles as a stylish CBD-adjacent base if that's more your speed. The Numbers: The unit is currently part of the Newmark Hotel Group rental pool on a head-lease basis, generating a guaranteed R10,924 monthly. If you're chasing higher returns, you can opt out of the pool and let it long-term instead — comparable units in the building are currently fetching R16,000–R18,000 a month. There's also a variable-lease option within the hotel pool itself (available for an extra fee) if you want something in between. Why the Hotel Pool Beats Airbnb Here: Short-term letting (Airbnb-style) isn't allowed in this building — but that works in owners' favour: Hotel pool occupancy runs at around 80–100% year-round, even through slower seasons — a rate most Cape Town Airbnb hosts would struggle to match in today's saturated short-let market Management fees sit at roughly 8%, well below the ~20% Airbnb managers typically charge Levies and maintenance are covered by The Rockefeller for the duration the unit's in the pool, meaning genuinely passive ownership with none of the surprise expenses Airbnb owners often face About the Unit: Fully furnished and ready to go — bed, bar fridge, and ample built-in storage already included. Whether you're handing it straight to the rental pool or moving in yourself, there's nothing left to set up. Location: Set in the Foreshore, with the V&A Waterfront, De Waterkant, Green Point, and the CBD all close by. Building Amenities: >Fibre-ready >Rooftop indoor pool >Technogym access for tenants and guests >24-hour concierge and security >Backup power >Secure paid parking >On-site restaurants and bar >Bookable spa >Conference rooms available for hire An easy, low-maintenance portfolio addition — or a polished spot to call home in the city centre. Reach out for more info or to book a viewing.