Studio Apartment in Observatory

Description

Are you looking for your first home or a smart investment opportunity This well-maintained studio apartment in the sought-after The Factory offers the perfect blend of lifestyle, convenience and long-term value.Situated on the second floor, this 38 m² apartment makes excellent use of space, with a built-in desk creating separation between the living and sleeping areas. A sliding door invites natural light and air into the apartment while providing views of Observatory and surrounding mountains.The open-plan kitchen is fitted with granite countertops, an electric hob and oven, and is plumbed for one appliance. The bathroom is well configured with a separate shower and toilet, while generous built-in cupboards provide ample storage.Residents of The Factory enjoy access to exceptional lifestyle amenities, including a rooftop swimming pool, entertainment and braai area, gym, lift access, and 24-hour security with controlled access. The apartment also includes one secure undercover parking bay and is fibre ready.Ideally located in the heart of Observatory, The Factory is within easy reach of UCT, Groote Schuur Hospital, the CBD, and the suburb''s renowned cafs, restaurants and nightlife, making it a popular choice for both owner-occupiers and investors.The apartment is currently tenanted, offering the opportunity for immediate rental income while remaining equally attractive to purchasers looking to occupy the property in the near future.Property FeaturesAsking Price: R1,250,00038 m² studio apartmentSecond floorSecure undercover parking bayOpen-plan layout with built-in desk creating distinct living and sleeping zonesGranite kitchen countertopsElectric hob and ovenPlumbed for one applianceSeparate shower and toiletBuilt-in cupboardsFibre readyMountain viewsRooftop swimming poolRooftop entertainment and braai areaCommunal gymLift access24-hour security and access controlLevies: R2,050 per monthRates: R300 per monthCurrently tenantedA superb opportunity to secure a quality apartment in one of Observatory''s most recognized and sought-after developments.Don''t miss out on this rare combination of convenience and value in a prime location. Contact me today to arrange a viewing.Josh Keet is a representative of Real Estate Power CC, TA REAL Realty.

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 2 050

Floor size

38 m²

Listing date

3 Aug 2026

Feature: Pool

yes

Property type

Apartment

Listing number

T5575157

Rates and taxes

R 300

Feature: Lounges

1

Feature: Bathrooms

1

Feature: Bedrooms 0.

5

Feature: Family TV room

yes

Feature: Covered parking

1