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R 2 150 000 Bond Calculator | 2 Bedroom Apartment / Flat for Sale in Observatory

424 Main Road, Observatory, Cape Town

2 1 1
Erf Size: 60 m²

Fully furnished two bedroom apartment

*NO TRANSFER DUTY*

Calling all investors.

This fully furnished, two bedroom, one bathroom apartment offers excellent potential for return. It is situated in The Paragon, a secure building conveniently located opposite Groote Schuur Hospital and the UCT medical campus and directly on the UCT Shuttle route.

Residents of The Paragon benefit from outstanding security features, including 24-hour manned security, biometric access, security booms and basement parking. The building also boasts a wonderful rooftop pool and communal area.

Currently, the property is leased until November 2025, generating a rental income of R18,500 per month. Notably, this sale incurs no transfer duty, further enhancing its investment appeal.

Contact me for further information or to schedule a viewing.


Property Overview

Listing Number
116015852
Type of Property
Apartment / Flat
Street Address
424 Main Road, Observatory
Lifestyle
Security Complex
List Date
26 May 2025
Erf Size
60 m²
Floor Area
60 m²
Price per m²
R 35 833
Levies
R 2 842
Rates and Taxes
R 1 200

Rooms

Bedroom
2
Bathroom
1
Kitchen
1
Lounge
1
Lounge
Lounge 1
Dining Room
1

External Features

Parking
1
Pool
1

Building

Facing
Sea
Window
Aluminium

Other Features

Pool
Communal Pool
Security
1
Security
Security Gate


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Agents

Candice Viljoen
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