1 Bedroom Apartment / flat for sale in Observatory

Description

Situated in the well-positioned Devon Place complex in Observatory, this unique 1-bedroom loft-style apartment offers plenty of character and potential. Featuring an upstairs loft bedroom area overlooking the living space, the open-plan layout creates a spacious and airy feel while offering a distinctive layout rarely found in conventional apartments. Whether you`re looking to expand your investment portfolio or secure a property in one of Cape Town’s consistently high-demand rental areas, this apartment presents an excellent opportunity. A lease is already in place, allowing for immediate rental income from transfer. Ideally located close to the medical campus, public transport routes, universities, cafés, restaurants, and other everyday amenities, the property offers convenience and strong rental appeal for students and young professionals alike.... Situated in the well-positioned Devon Place complex in Observatory, this unique 1-bedroom loft-style apartment offers plenty of character and potential. Featuring an upstairs loft bedroom area overlooking the living space, the open-plan layout creates a spacious and airy feel while offering a distinctive layout rarely found in conventional apartments. Whether you`re looking to expand your investment portfolio or secure a property in one of Cape Town’s consistently high-demand rental areas, this apartment presents an excellent opportunity. A lease is already in place, allowing for immediate rental income from transfer. Ideally located close to the medical campus, public transport routes, universities, cafés, restaurants, and other everyday amenities, the property offers convenience and strong rental appeal for students and young professionals alike. Property features: • 1 Loft-style bedroom (upstairs open-plan) • 1 Bathroom (En-suite - shower) • Open-plan kitchen and living area • 1 Secure parking • Existing lease in place - immediate rental income potential • Character-filled apartment with opportunity to add value • Located in Devon Place, Observatory • Conveniently close to the medical campus A great opportunity to secure an income-generating property in a vibrant area known for its strong tenant demand. Read full description + window.loader.addCallback((renderComponent) => renderComponent({"name":"ReadMore","props":"#827614666","type":"c"}));

What we know about this property

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Portal facts

Levies

R 3 195

Bedroom

Upstairs Studio Bedroom with En-suite Bathroom (shower) Open Plan, Built-in Cupboards, King Bedroom

Parking

1

Bathroom

Basin, Bidet, Shower, En suite, Toilet

Security

24 Hour Access, Guard, Electric Gate, Guard House, Safe

Lifestyle

Security Complex

Floor Size

58 m²

Description

Single Storey, Second floor and above

Listing Date

17 May 2026

Price per m²

R 28 448

Listing Number

117225083

Street Address

4 Penzance Road, Observatory

Rates and Taxes

R 800

Special Feature

Balcony, Totally Walled

Number of floors

1

Type of Property

Apartment / Flat