1 Bedroom Apartment / flat for sale in Gardens

Description

Situated in lower Gardens with a two outdoor spaces, high ceilings and views of Table Mountain, an ideal first home with natural light in a well managed building that has architecture referencing the heritage of the area. Worth understanding more about the building and the developer, this building is yielding well on the hotel rental pool, BlackBrick Foreshore (not this building, the developers original project in Cape Town) struggled as it was not a sufficiently premium enough product. As such the nightly rate was more like an inexpensive Airbnb. Hotel schemes in Cape Town have been growing in popularity as the hands off management, strong maintenance and returns have driven prices through the roof. Similarly, boutique hotels in Gardens, including BlackBrick Gardens have been performing well. The properties in this block, after summer, will likely be taken off... Situated in lower Gardens with a two outdoor spaces, high ceilings and views of Table Mountain, an ideal first home with natural light in a well managed building that has architecture referencing the heritage of the area. Worth understanding more about the building and the developer, this building is yielding well on the hotel rental pool, BlackBrick Foreshore (not this building, the developers original project in Cape Town) struggled as it was not a sufficiently premium enough product. As such the nightly rate was more like an inexpensive Airbnb. Hotel schemes in Cape Town have been growing in popularity as the hands off management, strong maintenance and returns have driven prices through the roof. Similarly, boutique hotels in Gardens, including BlackBrick Gardens have been performing well. The properties in this block, after summer, will likely be taken off the market as this IS a premium project, the kitchens are Caesarstone, the furniture is well thought out and impresses in person and the nightly rate for the hotel is strong and aligned with a 10% nett return of R230 000 for the year on the asset with a little wiggle room in pricing. This particular unit has a side window - most don't as they are between other units, it is sheltered from the wind and it is well positioned as a hands off investment. Read full description + window.loader.addCallback((renderComponent) => renderComponent({"name":"ReadMore","props":"#1360270831","type":"c"}));

What we know about this property

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Portal facts

Other

Other 0

Pools

1

Levies

R 2 200

Zoning

General Residential

Bathroom

Full

Bedrooms

1

Kitchens

1

Furnished

Yes

Floor Size

50 m²

Listing Date

16 September 2026

Pets Allowed

Yes

Price per m²

R 47 900

Listing Number

117632003

Street Address

2 Roodehek Street, Gardens

Rates and Taxes

R 800

Type of Property

Apartment / Flat