About this property

VAT INCLUDED / NO TRANSFER FEES APPLICABLE An exceptional opportunity presents itself to acquire a portfolio of five premium, income-generating apartments in the renowned Onyx Apartment Hotel, perfectly positioned in Cape Town’s thriving Foreshore, directly opposite the Cape Town International Convention Centre. Designed with the discerning investor in mind, these units form part of a professionally managed rental pool, offering a seamless, fully hands-off investment with consistent income returns. Set on the 8th floor, the portfolio collectively measures 226 m². Each apartment is being sold turnkey, fully furnished and equipped as it currently presents, allowing for immediate participation in the rental pool with no additional setup or capital expenditure required. The development itself offers a premium lifestyle experience with concierge services, a gym, residents’ lounge, and secure parking, all within walking distance of the V&A Waterfront and with effortless access to the airport and major transport routes. • Studio Unit 811: R 3,182,107.50 (VAT inclusive) – 39 m² – Rates: ±R 1,000 p/m • Studio Unit 813: R 3,018,922.50 (VAT inclusive) – 37 m² – Rates: ±R 949 p/m • Studio Unit 815: R 3,426,885.00 (VAT inclusive) – 42 m² – Rates: ±R 1,077 p/m • 1 Bedroom Unit 816: R 4,732,365.00 (VAT inclusive) – 58 m² – Rates: ±R 1,488 p/m • 1 Bedroom Unit 817: R 4,079,625.00 (VAT inclusive) – 50 m² – Rates: ±R 1,282 p/m The full portfolio is available at R 18,439,905.00 (VAT inclusive), with a portfolio acquisition preferred for investors seeking a diversified and stable income stream across multiple unit types. This offering is tailored specifically for investors, with the structure prioritising income generation over personal use. Ownership within the rental pool allows for limited personal occupation, ensuring maximum availability and optimal revenue performance throughout the year. Owners are permitted personal use of their unit for a maximum of 7 nights per calendar year, subject to prior notice, availability, and the applicable preferential rate as determined by the management. With a proven income track record and a target yield of approximately 10%, the investment delivers both stability and growth potential in a market driven by strong tourism, corporate travel, and ongoing urban development. The Onyx Apartment Hotel continues to benefit from its strategic location in a high-demand precinct undergoing significant expansion and revitalisation, making this not only a secure income-producing asset but also a smart long-term addition to any property portfolio. For investors seeking a rare combination of location, performance, and ease of ownership, this opportunity stands out as one of Cape Town’s most compelling hospitality investments. Please note: The images used in this advertisement are not of a specific unit and are intended as a general representation of the development and its finishes. 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.