Apartment for sale in Cape Town Central

Exclusively available through Pam Golding Properties, this exceptional two bedroom, two bathroom penthouse at Mama Residences Cape Town brings together contemporary city living, an internationally recognised hospitality brand and an exciting investment opportunity in the heart of Bree Street.

Positioned on one of the upper residential floors, the apartment forms part of an exclusive collection of branded residences designed around a vibrant, modern lifestyle. Beautifully considered interiors, generous proportions and elevated views create a home that feels equally suited to a sophisticated Cape Town base or a premium income generating property. Residents enjoy access to an impressive lifestyle offering, including the 17th floor rooftop pool and deck, rooftop restaurant and bar, fitness centre, co-working facilities, dedicated residents welcome desk, restaurants and secure access.

For investors, one of the biggest attractions is the opportunity to place the apartment into the professionally managed short term rental programme, creating a far more hands off ownership experience. The hospitality operation is managed within the Mama Shelter environment by Ennismore, part of the Accor group, giving owners access to an established international hospitality platform rather than having to manage short term guests themselves. The indicative projections supplied for a two bedroom residence show stabilised net cash yields in the region of 6% to 7%, before any potential capital appreciation. These figures are projections rather than guaranteed returns and will vary according to the individual apartment, purchase price, occupancy and operating performance.

Owners wishing to participate in the rental programme are required to purchase the approved Mama Shelter furniture, fixtures, equipment and operating equipment package. This ensures that the apartment is fully equipped and presented to the required brand standard. The two bedroom package includes furnishings for both bedrooms, the lounge, dining and balcony areas, together with linen, crockery, cutlery and other operating items, while integrated appliances are included in the apartment purchase price. Current furniture pack pricing and the applicable costs can be provided by the Pam Golding Properties development agents.

Set in one of Cape Town's most sought after inner city locations, Mama Residences places you in the heart of Bree Street's celebrated restaurant, entertainment and lifestyle precinct, with the City Bowl, Atlantic Seaboard and many of Cape Town's major attractions within easy reach. Whether you are looking for a luxury Cape Town residence, a lock up and go city base or an investment with a fully managed short term rental solution, this penthouse offers a compelling combination of location, lifestyle and income potential.

Contact us today for the apartment floor plan, current pricing, furniture package costs and the latest investment projections, or to arrange a private viewing.