R 2 600 000

Positioned in The Paragon — a well-known residential complex in the heart of Observatory, Cape Town — this modern two-bedroom, one-bathroom apartment offers an excellent investment opportunity, with a tenant in place until January 2027 generating R17,600 per month in rental income.

The 60 m² apartment features a bright, open-plan kitchen and living area that flows seamlessly onto a private balcony, maximising natural light and creating a practical, appealing everyday living space. The kitchen is fitted with white cabinetry, dark stone-effect countertops, a built-in oven and hob, and includes a washing machine point. The lounge is finished with large-format light-toned floor tiles and neutral décor throughout. Both bedrooms are well-proportioned with built-in cupboards — one is visible off the lounge, and the second enjoys yellow-accented styling. The contemporary bathroom is conveniently positioned between the two bedrooms.

The Paragon provides 24-hour security with access control, a rooftop swimming pool with mountain and city views, a gym, an entertainment area, and designated parking — all key drawcards for discerning tenants.

The location is outstanding: UrbanTikka, Kind Regards, and Trenchtown are all within 25 metres, and the Observatory Station (Metrorail) is approximately 250 metres away, providing excellent public transport access. The UCT Medical Centre is roughly 316 metres straight-line distance, reinforcing the suburb's appeal to students and healthcare professionals. The Obz Lifestyle Market and KWIKSPAR are also within easy reach, ensuring consistent tenant demand and long-term investment appeal.