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R 42 795 000

10 Bedroom House for Sale in Gardens

Gardens, Cape Town

Contact agents for street address

10
10
647 m²
- m²: 647 m²
- Hectares: 0.065 ha
- Acres: 0.16 acres

NO TRANSFER DUTY

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Exciting Property Portfolio Opportunity in Gardens, Cape Town R37.2m +VAT

We are thrilled to present an exceptional opportunity to acquire a unique portfolio of properties, currently operating as a Hotel but now offered separately for an Investor. This distinguished collection, situated in the sought-after Nicol Street area of Gardens, Cape Town, is ideal for an investor looking to establish a portfolio of rental properties in a prime location, perfect for both Airbnb and long-term rentals.

The portfolio comprises five freestanding properties and two sectional title units, with a total of ten self-catering units designed for young professionals seeking modern living spaces just a short walk from the vibrant Kloof Street. The convenience and allure of this location make these one-bedroom units highly attractive for potential tenants.

At the heart of the portfolio is No 2 Nicol, which currently serves as the reception and breakfast room...

At the heart of the portfolio is No 2 Nicol, which currently serves as the reception and breakfast room along with office space for managers. This property, being the same size as No 4 Nicol, presents an exciting conversion opportunity to add four more self-catering units if desired, further enhancing the rental potential.

The self-catering units include:

• No 4 Nicol: This property features four spacious one-bedroom units, ideal for accommodating guests looking for a comfortable and convenient stay.

• No 6 Nicol: Comprising two well-appointed one-bedroom units, offering the charm of spacious living with essential amenities.

• No 8 Nicol: Featuring two additional one-bedroom units, each designed to provide stylish and functional spaces.

• No 9 Nicol: Under sectional title, this property includes two one-bedroom units that uphold the standards of the portfolio, providing an attractive option for both long-term and short-term rentals.

With a total of 10 distinct units, the possibilities for income generation are substantial in this attractive market. The entire portfolio is available for R37.2 million plus VAT, with individual pricing for each property as follows:

No 2 Nicol: R8.4m +VAT

No 4 Nicol: R9.6m + VAT

No 6 Nicol: R6.4m +VAT

No 8 Nicol: R6.4m +VAT

No 9 Nicol Sec 1: R3.2m + VAT

No 9 Nicol Sec 2: R3.2m + VAT

This unique offering not only presents a lucrative investment opportunity but also embodies the essence of urban living in one of Cape Town's most attractive neighborhoods. For investors seeking to diversify their holdings and tap into the thriving rental market, this portfolio at Nicol Street is a compelling option that promises both immediate returns and long-term growth.

Explore this opportunity further and envision the potential that awaits within this outstanding property collection.

Bedrooms: 10

Bathrooms: 10

Listing number: P24-115503287, Image number: 1

Listing number: P24-115503287, Image number: 2

Listing number: P24-115503287, Image number: 3

Listing number: P24-115503287, Image number: 4

Listing number: P24-115503287, Image number: 5

Listing number: P24-115503287, Image number: 6

Listing number: P24-115503287, Image number: 7

Listing number: P24-115503287, Image number: 8

Listing number: P24-115503287, Image number: 9

Property Overview

Listing Number

115503287

Type of Property

House

Listing Date

30 January 2025

Erf Size

647 m²

No Transfer Duty

Yes

Zoning

General Residential

Rooms

Bedrooms

Main bedroom with air conditioner, built-in cupboards and wooden floors

Bathrooms

Bathroom with basin, bath, shower, toilet and tiled floors

Other

Living room with air conditioner, stacking doors and wooden floors

Points of Interest

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(Transfer Duty Excluded)

This property has been flagged as “No Transfer Duty” by the agent/seller, we have therefore excluded a transfer duty of from the total once-off cost calculation.

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*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.