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2 Bedroom apartment for sale in Claremont Upper, Cape Town

R2,449,000
  1. 2
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  3. Web Ref: 1056874
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Property Features

ERF Size 86 m²
Rates R1,050 per year
Building Size 86m²
Sectional Title Levies R4,140

Interior Features

2 Bedrooms
1 Reception Room
Kitchen
2 Bathrooms
Security
Gym

Exterior Features

2 Parking Spaces
Balcony

Approximately 7,8% annual rental return from Airbnb

Situated in the very prestigious, secure and modern, 'The Quadrant' in Upper Claremont - without a doubt, one of the best apartment blocks in the suburb - this apartment is perfect for an investor, young professional, couple or student!

Currently being used as a successful short term rental by owners, this unit has had a constant cashflow over the past few years and average monthly returns of +- R 21 764 over the past year (March 2019 to February 2020). Over this period, one gets a NET return of approximately 7,8% after the monthly costs of levies and rates!".

Located on one of the more attractive sides of the block, this unit has superb neat finishes throughout. Residents also have the automatic benefit of being able to enjoy the fully equipped gym situated within the block (fees for 1 person included in levies) - the private gym also has an indoor swimming pool! 5 - 10 minute walking distance from the center of Upper Claremont, including the UCT Jammie Shuttle bus stop, Cavendish Square Shopping Centre, Claremont public library, Claremont and Kingsbury hospitals, restaurants, public transport. Several other amenities both in the area and in the building including one of the best rated Italian restaurants in the Western Cape and a hairdresser.

Security conscious block that includes 24/7 concierge and security, access control and CCTV cameras throughout. In addition, 2 secure parking bays within the garage come with the unit.

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