Spacious 1.5 Bedroom Apartment for Sale – Ideal for Investors & Use For Air BnB.
Property Overview:
This 1.5-bedroom apartment offers an exceptional investment opportunity, located directly opposite the stunning North Beach ocean. While the apartment requires renovation, it holds great potential for investors looking to add value and capitalize on its prime location.
Air BnB is also allowed in the block, which is a sea-facing and tourist visit high density area.
Features:
- 1.5 Bedrooms: Spacious main bedroom and an additional half-bedroom perfect for a study, guest room, or nursery.
- Bathroom: Conveniently designed toilet and bathroom area.
- Kitchen: Functional kitchen space ready for renovation to meet modern standards.
- Lounge: Large lounge area offering ample space for living and entertaining.
- Parking: Available at an additional cost of R50,000.
Investment Potential:
- Prime Location: Situated opposite North Beach, providing stunning ocean views and easy access to beach activities.
- Renovation Opportunity: Ideal for investors looking to renovate and increase the property’s value.
- Future Conversion: Currently a share block, with plans to convert to sectional title, enhancing the property's appeal and value.
The floor plan rendering is included in the pictures.
Price:
- R650,000 with parking
- R600,000 without parking
Additional Information:
- Type: Share block (In the process of being converted to sectional title)
This apartment is a rare find for those looking to invest in a property with great potential in a highly desirable location.
Don't miss out on this opportunity to create a beautiful living space or a profitable rental property.
Contact the listing agent now.