Situated in lower Gardens with a two outdoor spaces, high ceilings and views of Table Mountain, an ideal first home with natural light in a well managed building that has architecture referencing the heritage of the area. Worth understanding more about the building and the developer, this building is yielding well on the hotel rental pool, BlackBrick Foreshore (not this building, the developers original project in Cape Town) struggled as it was not a sufficiently premium enough product. As such the nightly rate was more like an inexpensive Airbnb. Hotel schemes in Cape Town have been growing in popularity as the hands off management, strong maintenance and returns have driven prices through the roof. Similarly, boutique hotels in Gardens, including BlackBrick Gardens have been performing well. The properties in this block, after summer, will likely be taken off the market as this IS a premium project, the kitchens are Caesarstone, the furniture is well thought out and impresses in person and the nightly rate for the hotel is strong and aligned with a 10% nett return of R230 000 for the year on the asset with a little wiggle room in pricing. This particular unit has a side window - most don't as they are between other units, it is sheltered from the wind and it is well positioned as a hands off investment.
We will communicate real estate related marketing information and related services. We respect your privacy. See our Privacy Policy .
