Property
Description
Property Description
This apartment in Green Point presents an exciting opportunity for buyers with vision, looking to renovate, transform and unlock the full potential of a property in one of Cape Town’s most sought-after locations. Set on an affluent, leafy road in the heart of Green Point, the apartment offers a generous foundation for a complete transformation: comprising two bedrooms, one bathroom, a kitchen and two reception rooms, with a private secure parking bay and an open balcony, it provides the ideal canvas for creating a stylish contemporary home or a highly attractive investment. The unit forms part of a compact, low-density block of only six units with a walled, gated perimeter, and is finished with parquet flooring under a concrete roof and plastered walls. For the renovator, this is an opportunity to take an existing property and make it your own, whether the vision is a sophisticated city apartment, a lock-up-and-go or a desirable rental property. Green Point remains one of Cape Town’s most desirable residential and investment areas, perfectly positioned between the V&A Waterfront, the Cape Town CBD and the Atlantic Seaboard; the property is within walking distance of the V&A Waterfront and its restaurants, cafes, shops, entertainment and lifestyle amenities, with Mouille Point, the promenade and the Atlantic Seaboard easily accessible. The location creates strong potential for both long-term rental and short-term accommodation, with the building rules permitting short-term letting, and the seller estimates a rental potential of approximately R19 000 per month once the apartment has been renovated. The available reports do not include a structural or maintenance survey, so the condition of the building and apartment cannot be independently confirmed and the property should be inspected by prospective purchasers before an offer is made.
Features
2 Bedrooms
1 Bathroom
Kitchen and two reception rooms
One private, secure parking bay – a premium in this part of Green Point
Open balcony
Parquet flooring; concrete roof; plastered walls
Compact, low-density block of only six units on a quiet, leafy street
Totally walled, gated perimeter, distinct from the larger surrounding Green Point buildings
Communal garden
Pet-friendly, subject to applicable building rules
Building rules permit short-term letting (Airbnb-friendly)
Renovation opportunity in an established Green Point node
Walking distance to the V&A Waterfront and the Cape Town CBD
Mouille Point Beach and the Atlantic Seaboard close by
Area Description
Green Point is one of Cape Town’s most established and sought-after residential nodes, positioned between the V&A Waterfront, the Cape Town CBD and the Atlantic Seaboard, within the City of Cape Town Metropolitan Municipality. Glenside Road is a quiet, leafy street in the residential part of the suburb, a short walk from the Green Point Urban Park and DHL Stadium and from the Main Road and Somerset Road commercial strips. The V&A Waterfront, with Victoria Wharf and its restaurants, shops and entertainment, is about a kilometre away on foot, and the Mouille Point promenade and beachfront a similar distance north. Schooling is unusually close for an inner-city location, with Reddam House Atlantic Seaboard roughly two hundred metres from the scheme and Ellerton Primary in Three Anchor Bay just over a kilometre west. Public healthcare is available at the Green Point Clinic and New Somerset Hospital, both within a kilometre, and the Virgin Active Green Point club, Somerset Square and the MyCiTi routes along Main Road serve the immediate area. The combination of walkability, proximity to the Waterfront and the Atlantic Seaboard, and a building whose rules permit short-term letting is the basis for the rental proposition the seller describes.
Area Amenities
Reddam House Atlantic Seaboard, Cavalcade Road – 0.2 km
Green Point Clinic, Portswood Road – 0.5 km
Somerset Square, Somerset Road – 0.6 km
DHL Stadium and Green Point Urban Park, Fritz Sonnenberg Road – 0.7 km
New Somerset Hospital, Portswood Road – 0.8 km