Studio Apartment in Cape Town City Centre

Description

Rarely does an investment this clean come to market. This fully furnished studio at The Onyx Apartment Hotel offers sectional title ownership in one of Cape Town''s most strategically located hospitality buildings directly opposite the Cape Town International Convention Centre on Heerengracht Street, Foreshore.The unit forms part of a professionally managed rental pool under Newmark Hotels, one of South Africa''s leading hospitality operators. You own the asset. They run it. Monthly distributions land in your account no letting agents, no tenant management, no hassle.The numbers speak for themselves. Based on verified 2026 trading figures, the building delivers a net yield of 10 not a forecast, not a projection, but actual income already being generated. The purchase price is inclusive of VAT with no transfer duty payable, significantly reducing your all-in acquisition cost compared to a standard residential purchase.The Foreshore precinct is undergoing a generational transformation. The R14 billion Harbour Arch mixed-use development and the CTICC East expansion are already underway, cementing this node as Cape Town''s most dynamic address for short-stay accommodation demand.Additional units available. A full portfolio of 5 units is also on offer for the strategic buyer seeking R1.6M net annual income.FEATURESPrivate en-suite bathroom shower, basin & toiletManaged rental pool operated by Newmark Hotels10 net yield verified 2026 actual trading incomeSectional title individual ownership with registered title deedGeneral Business 6 zoning hotel & short-stay use permittedResidents'' gymnasium, lounge & concierge servicesSecure basement parking available

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

Land size

39 m²

Floor size

39 m²

Listing date

29 Apr 2026

Feature: Pool

yes

Property type

Apartment

Feature: Study

yes

Listing number

T5471682

Feature: Lounges

1

Feature: Bathrooms

1

Feature: Bedrooms 0.

5

Feature: Dining areas

1

Feature: Security post

yes