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For an investor seeking immediate income over the summer season, this may be the place. Flat 101, Holyrood Apartments is situated in an iconic Art Deco building in Cape Town, directly across from the verdant Company Gardens, and Iziko Museums, and opposite a stop on the Red Bus Tourist Route.
The building was designed in the 1930’s as holiday accommodation for visitors to Cape Town, and in keeping with its origins, AirBnB is still allowed. Given the exceptional location, a savvy buyer can expect high and consistent occupancy rates.
The flat itself is tiny, a mere 37 sqm. The kitchen is small, the bathroom snug. But original Art Deco features are still there, including a faux-fireplace that once housed an electrical coil heater and an alcove that was once home to bunk beds for the children of the expected holiday makers.
A clever designer could make much of this gem, bringing this retro beauty into modern compact comfort.
Given the proximity to all that the City has to offer, and the location of a Jammie Shuttle stop a few metres from the front door, this would make a perfect purchase for a family of a student looking to combine a short term solution with a long term investment.
The flat is tenanted until 31 December 2025 and access is limited. Contact the agents to schedule a viewing.
Virtual viewings over WhatsApp video will be available.