1 Bedroom Apartment in Foreshore

Description

VAT INCLUDED NO TRANSFER FEES APPLICABLEAn exceptional opportunity presents itself to acquire a portfolio of five premium, income-generating apartments in the renowned Onyx Apartment Hotel, perfectly positioned in Cape Towns thriving Foreshore, directly opposite the Cape Town International Convention Centre. Designed with the discerning investor in mind, these units form part of a professionally managed rental pool, offering a seamless, fully hands-off investment with consistent income returns.Set on the 8th floor, the portfolio collectively measures 226 m². Each apartment is being sold turnkey, fully furnished and equipped as it currently presents, allowing for immediate participation in the rental pool with no additional setup or capital expenditure required.The development itself offers a premium lifestyle experience with concierge services, a gym, residents lounge, and secure parking, all within walking distance of the V&A Waterfront and with effortless access to the airport and major transport routes.Studio Unit 811: R 3,182,107.50 VAT inclusive 39 m² Rates: R 1,000 pm. Levies: R1630 pmStudio Unit 813: R 3,018,922.50 VAT inclusive 37 m² Rates: R 949 pm. Levies: R1540 pmStudio Unit 815: R 3,426,885.00 VAT inclusive 42 m² Rates: R 1,077 pm. Levies: R1720 pm.1 Bedroom Unit 816: R 4,732,365.00 VAT inclusive 58 m² Rates: R 1,488 pm. Levies: R2360 pm1 Bedroom Unit 817: R 4,079,625.00 VAT inclusive 50 m² Rates: R 1,282 pm. Levies: R2040 pm.The full portfolio is available at R 18,439,905.00 VAT inclusive, with a portfolio acquisition preferred for investors seeking a diversified and stable income stream across multiple unit types.This offering is tailored specifically for investors, with the structure prioritising income generation over personal use. Ownership within the rental pool allows for limited personal occupation, ensuring maximum availability and optimal revenue performance throughout the year. Owners are permitted personal use of their unit for a maximum of 7 nights per calendar year, subject to prior notice, availability, and the applicable preferential rate as determined by the management. With a proven income track record and a target yield of approximately 10, the investment delivers both stability and growth potential in a market driven by strong tourism, corporate travel, and ongoing urban development.The Onyx Apartment Hotel continues to benefit from its strategic location in a high-demand precinct undergoing significant expansion and revitalisation, making this not only a secure income-producing asset but also a smart long-term addition to any property portfolio.For investors seeking a rare combination of location, performance, and ease of ownership, this opportunity stands out as one of Cape Towns most compelling hospitality investments.Please note: The images used in this advertisement are not of a specific unit and are intended as a general representation of the development and its finishes.City and Atlantic Real Estate cc Trading as REMAX Living, an independently owned and operated franchise of REMAX 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.

What we know about this property

Each attribute shows where it came from and how sure we are. Model-derived attributes arrive as enrichment runs.

Portal facts

Levies

R 2 040

Floor size

51 m²

Listing date

27 Mar 2026

Feature: Pool

yes

Property type

Apartment

Listing number

T5439377

Rates and taxes

R 1 281

Feature: Lounges

1

Feature: Bedrooms

1

Feature: Bathrooms

1

Feature: Furnished

yes

Feature: Family TV room

yes

Feature: Garage parking

1