About this property

A turnkey short-term rental in one of Cape Town's strongest letting locations. This contemporary studio in Station House is sold fully furnished and fully operational, having generated R387,447 in gross booking value over the past 12 months. The new owner takes over an established, income-producing asset from day one. The apartment: A well-proportioned 26m2 studio on the second floor, with an efficient open-plan layout combining kitchen, dining, lounge and sleeping areas without feeling cramped. Clean contemporary lines throughout. Sliding doors open onto a private balcony looking towards Signal Hill. The kitchen is fully fitted with modern appliances, and the bathroom carries the same sleek finish with a walk-in shower. Every item of furniture, all appliances, linen, crockery and kitchenware are included in the sale, so there is nothing further to buy before the next guest checks in. The building Station House is a secure, professionally run development with 24-hour manned security, CCTV surveillance and monitoring, and full generator backup so loadshedding does not interrupt trading. Residents and guests have access to a communal swimming pool and braai facilities, an outdoor kinetic gym and yoga studio, a communal laundry room, on-site restaurants and a convenience store. The building permits short-term letting, which is increasingly scarce in Sea Point and a material part of the value on offer here. No parking bay is included in the sale, though bays are available to rent within the building. The location The Sea Point promenade, restaurant strip and oceanfront are all within a walk, with Main Road transport, groceries, coffee shops and gyms on the doorstep. Clifton and Camps Bay are a few minutes' drive, the V&A Waterfront and CBD around ten, and Table Mountain and Lion's Head are close enough for a pre-breakfast hike. That combination of walkability, ocean access and year-round tourist demand is what underpins the occupancy. The investment case R387,447 gross booking value over the last 12 months (before platform commission, operational costs, levies and rates). Sold fully furnished and equipped, ready to trade from transfer Professional management already in place through Propr and transferable to the buyer Sectional title, transfer duty applies (seller is not VAT registered) Ideally suited to an investor wanting immediate yield without the setup cost and ramp-up period of a brand new unit, or to a buyer wanting a lock-up-and-go Sea Point base that earns while they are away. Viewing by appointment.