Turnkey Income Portfolio – 29 Studio Units Across 3 Floors
A unique investment opportunity: the acquisition of three full floors of income producing studio apartments located in a vibrant area of Cape Town. This 1,115m² portfolio, situated within a sectional title building on Long Street, comprises 29 renovated studio units, specifically designed for long or short term leasing.
Each floor operates as a separate sectional title, offering flexible resale strategies in the future. With current partial occupancy and a projected full rental income of approximately +-R240,000 per month from long term leasing, this investment is poised for both immediate cash flow and substantial capital appreciation. It is ideally suited for investors seeking an income producing asset in a prime urban location, supported by long term lease agreements and annual escalations.
The portfolio summary is as follows:
Three separate sectional title floors (approximately 380m² each)
29 modern, tenant ready studio apartments
Convenient lift and stair access
Central Cape Town CBD location, providing easy access to amenities
Long-term rental strategy with 10% escalations
Recently upgraded interiors
This opportunity offers a passive income stream and long term growth potential, representing a ready to deploy residential portfolio within the CBD that combines scale, prime location, and strong yield.
Each floor operates as a separate sectional title, offering flexible resale strategies in the future. With current partial occupancy and a projected full rental income of approximately +-R240,000 per month from long term leasing, this investment is poised for both immediate cash flow and substantial capital appreciation. It is ideally suited for investors seeking an income producing asset in a prime urban location, supported by long term lease agreements and annual escalations.
The portfolio summary is as follows:
Three separate sectional title floors (approximately 380m² each)
29 modern, tenant ready studio apartments
Convenient lift and stair access
Central Cape Town CBD location, providing easy access to amenities
Long-term rental strategy with 10% escalations
Recently upgraded interiors
This opportunity offers a passive income stream and long term growth potential, representing a ready to deploy residential portfolio within the CBD that combines scale, prime location, and strong yield.
Features
Interior
Sizes
Listing Info
Cape Town City Centre, Cape Town
- Street map
- Street view
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Revo Property website is accurate and up to date, Revo Property makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
