Condominium buy in Cape Town Western Cape

Family Home and Luxury Penthouse with ocean views! Asking price R21,740,000 excluding VAT, No Transfer Duty! Nestled under the 12 Apostles and with unrivalled views of the Atlantic Ocean this magnificent home is as versatile as it is stunning. The property is currently laid out as two apartments but could easily be turned into one larger family home by simply adding a door. The apartments are levels 2 and 3 of a 3-storey building with a one-bedroom penthouse on the top floor and a three-bedroom luxury, family apartment on the 2nd floor. The property offers beautiful, thoughtful accommodation with sensational views. The penthouse is earning R4,500 (winter) to R9,500 (summer), per night. The family apartment is earning R6,250 (winter) to R13,500 (summer), per night. The earning potential is between R2m and R5m per annum. Occupancy in high summer is 100% with average occupancy being 80% per annum. The family apartment flows seamlessly through the open-plan design leading you from the kitchen to the dining room and the living room, all with spectacular views of the ocean. The apartment benefits from 3 large bedrooms with ensuite bathrooms and a balcony. All three bedrooms have luxurious spa-like bathrooms ensuite, built-in wardrobes and underfloor heating. The master bedroom suite has beautiful views of the ocean, as does the second bedroom. The third bedroom has pretty mountain views. The modern, sleek kitchen is perfect for entertaining! The island has a built-in gas hob so you can easily prepare food whilst socializing with your family and guests. The penthouse benefits from an open plan, eat-in kitchen and living room, master bedroom with ensuite bathroom, a private Jacuzzi and gas braai on the spacious terrace. The bedroom has a luxurious spa-like bathroom ensuite, built-in wardrobes and underfloor heating. The entire apartment has beautiful views of the ocean and mountains. Both apartments are fully airconditioned and heated for comfort all year round. The apartments also benefit from two lock up garages on the ground floor with motorized doors. The location of this property is ideal for those who love the beach and glorious sunsets. Facing North-West makes the most of the sunshine and you get to watch the sun sink into the ocean every evening. This stunning property is run as a successful guesthouse earning very well with almost 100% occupancy in high season. Rates (approx): R6,800/m Building Insurance: R1,495/m Section Extent (approx): 2A = 212m² 2B = 191m² Total = 403m²