This extraordinary 25-bedroom, 7-bathroom home is perched high on the slopes of Devil's Peak, offering breathtaking panoramic views that stretch from the iconic Table Mountain to the vibrant harbour below.
This property, set on a 389m2 ERF, currently generates an impressive rental income of +/- R130,000 per month, delivering a remarkable 14% return on investment.
Its current use as a student accommodation underscores its strong income potential, yet the possibilities for this property are vast;
Whether you choose to transform it into a luxurious family home or capitalise on the booming short-term rental market, the opportunities are endless.
The location is desirable, with close proximity to the City Centre and the University of Cape Town, along with easy access to major highways. The expansive balcony, offering uninterrupted views, provides an idyllic space for relaxation or entertaining.
This is a rare chance to own a prime piece of Cape Town real estate. Get in touch now before it's too late.