No Transfer Duty / VAT Inclusive / Zero Rated
This cleverly reconfigured industrial space has been refurbished and converted into two stylish one-bedroom loft apartments, set within a character building on Bree Street, right in the heart of Cape Town’s lifestyle hub.
Originally one large unit, the space now offers a shared main entrance that separates into two well-designed, Brooklyn-style loft apartments. A communal utilities room houses the geysers and washing machine, keeping service areas neatly out of the living spaces.
Apartment 1
One-bedroom loft with striking mountain views and a strong industrial aesthetic. The unit is double-glazed to mitigate street noise, includes secure parking, and currently generates excellent short-term rental income. Sold fully operational as a turnkey investment.
Apartment 2
One-bedroom loft, currently owner-occupied and therefore not producing income at present, but configured and finished to match Apartment 1. This unit also includes secure parking and offers the same income-generating potential. No pictures, but viewing is possible
In essence, this is one large space successfully converted into two separate, income-producing units, both with parking and shared utility facilities. The property must be purchased as a going concern, offering Zero Rated VAT benefits.
An ideal opportunity for investors looking to start or expand a short-term rental portfolio in the Cape Town CBD, in a location with consistently strong demand.
City and Atlantic Real Estate cc Trading as RE/MAX Living, an independently owned and operated franchise of RE/MAX SA. Registered with the PPRA.
