$845,620

Buy, Refurbish & Reposition | Exceptional Value Add Opportunity

  • 8 Beds
  • 6 Baths
  • 4,145 Sqft
  • 4,252 Sqft lot
  • Updated: September 16
  • 3

About the Property

Panoramic Cape Town Views | 395m² Land | 3 Storeys | 8 Bedrooms | GR4 Zoning

A rare opportunity for an investor or developer to acquire a substantial three-storey property with exceptional views, existing rental income and significant potential to add value through refurbishment and repositioning.

Set on approximately 395m² of land, the property offers three levels of accommodati
Panoramic Cape Town Views | 395m² Land | 3 Storeys | 8 Bedrooms | GR4 Zoning

A rare opportunity for an investor or developer to acquire a substantial three-storey property with exceptional views, existing rental income and significant potential to add value through refurbishment and repositioning.

Set on approximately 395m² of land, the property offers three levels of accommodation, eight bedrooms, generous communal areas and a self-contained penthouse. Its elevated position delivers uninterrupted panoramic views across Cape Town, the city skyline, harbour and Table Mountain.

While currently generating income through room rentals, the property presents a compelling renovator’s opportunity. With investment, creative vision and a comprehensive refurbishment, the existing accommodation could be transformed into a substantially more valuable and desirable asset.

A Value-Add Investment
The property’s flexible configuration and multiple entrances allow for a variety of future uses, including:
• Reconfigured self-contained apartments
• Premium long- or short-term rental accommodation
• A luxury guest house or boutique hotel
• A combination of residential and income-producing accommodation
• A substantial high-end family residence

The opportunity is to acquire the property in its current state, undertake a strategic refurbishment and reposition it for a significantly enhanced income stream and long-term capital value.
GR4 Zoning | Hospitality Potential

The GR4 zoning adds another significant layer of potential, allowing for the possibility of guest house or boutique hotel use, subject to the necessary approvals.
Architectural plans have already been prepared for a proposed nine-bedroom luxury boutique hotel, giving a purchaser a valuable starting point should they wish to pursue a hospitality redevelopment.

The Opportunity
This is not simply a property purchase — it is an opportunity to unlock value.
Whether transformed into a sophisticated boutique hotel, premium rental asset or exceptional private residence, the upside lies in what can be created.

Buy well. Refurbish intelligently. Reposition strategically. Unlock the value.
A rare Cape Town opportunity for the astute investor, developer or visionary buyer looking for a property where significant potential can be realised through the right investment and vision.
  • Property type

    House

  • Price/sqft

    $204

Features

Features

Lot

Indoor

  • Fireplace
  • Kitchen island
  • Gas Stovetop
  • Bar
  • Stone Countertops

Outdoor

Explore the Area

Bo Kaap, Schotsche Kloof, City Bowl, Cape Town View on Google Maps
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Cape Town
South Africa
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9
Listings
2023
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2 reviews

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Cape Town
Cape Town, South Africa
View agency profile
Last updated
September 16
First listed
Sep 16
Listing reference
RL1092
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