1 Bedroom Apartment, for sale in Cape Town City CentreStonehill Place, Riebeek Street
NORHT FACING CITY CENTRE APARTMENT with 5.1% net yield based on the asking price.
Currently tenanted (until March 2022), this 62 sqm apartment enjoys the benefit of views towards the Foreshore and Atlantic Seaboard. Owners get to enjoy the perks of the Radisson hotel including the gym and swimming pool. Furthermore the hotel offers superb conference facilities and restaurant/bars.
A perfect time to secure this apartment as Cape Town City Centre develops with 30 development projects currently at varying stages around the city. Demand is being driven by large companies like Amazon moving to Cape Town and employees looking for a hassle free and a convenient lifestyle.
Features include imported Italian kitchen with Smeg appliances / back up building generator / aircon / secure parking bay / 24 hour security.
Moments from Bree Street, De Waterkant and a short Uber to The Waterfront, the new owner or tenant doesn’t have to travel far.