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Apartment for sale
Community-focused living with steady rental returns in a well-connected urban pocket, secure grounds and on-site braai/entertainment area. Includes completed tenanted block and near-finished studio expansion.
PRIME RESIDENTIAL INVESTMENT OPPORTUNITY
An exceptional opportunity to acquire a high-performing residential development offering immediate rental income, strong occupancy, and substantial future upside.
This well-maintained development currently consists of a completed apartment block with 25 residential units, of which 24 units are tenanted, generating an impressive monthly rental income of approximately R200 000.
In addition to the completed section, the property includes a second residential block comprising 12 studio apartments, currently 80% complete. Only minor finishes remain, presenting investors with a unique value add opportunity to significantly increase rental income and overall asset value upon completion.
Developments of this nature combining stable cash flow with expansion potential are seldom available in today’s market.
Key Investment Features:
Completed block with strong existing tenancy
Approximate gross monthly rental income of R200 000
Additional 12 studio apartments nearing completion
Modern one and two-bedroom apartments
Ground floor units offering private yard spaces
Prepaid electricity and prepaid water systems
Centralized high-capacity geyser system
Tenants contribute toward heating and cooling consumption
Fingerprint access control for residents
Intercom system throughout the development
Separate entrance and exit gates
24-hour security infrastructure
Dedicated security room with CCTV monitoring
Electrical fencing surrounding the property
Braai and entertainment facilities
Children’s play park
Laundry room with conversion potential into an additional income producing unit
The development has been designed with operational efficiency, tenant convenience, and long-term sustainability in mind. Its secure environment, modern finishes, and practical amenities contribute to high tenant appeal and retention.
For investors seeking a scalable residential asset with immediate returns and further income growth potential, this opportunity delivers both stability and upside in a single acquisition.
Asking Price: R16 500 000
A strategic acquisition suited for property investors, developers, and portfolio buyers looking to secure a strong-performing residential asset with future expansion already in place.
?? Serious enquiries and qualified investors only.
Listed for sale at R16,500,000
Compared with 675 active listings in Cape Town.
Insight
Priced 514% above the local median — and above the typical range for Cape Town.
The premium partly reflects the larger floor size; buyers should still compare condition, position, views and finishes before deciding. Benchmarked on town-level data where the suburb sample is limited. Premium pockets may trade above town averages — check with the agent for local guidance.
Similar properties pricing
Key differences
Good value · based on 627 listings
Large at a premium · based on 627 listings
Market depth
675 listings
Similar homes town-wide
135 days
Median time on market
Many similar homes
Active across Cape Town
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Athlone is a well-established, centrally located residential suburb in Cape Town that offers a strong sense of community, convenient access to major transport routes, and proximity to a variety of essential local amenities.
