0.5 Bedroom Apartment / flat for sale in Observatory

Are you looking for your first home or a smart investment opportunity? This well-maintained studio apartment in the sought-after The Factory offers the perfect blend of lifestyle, convenience and long-term value. Situated on the second floor, this 38 m² apartment makes excellent use of space, with a built-in desk creating separation between the living and sleeping areas. A sliding door invites natural light and air into the apartment while providing views of Observatory and surrounding mountains. The open-plan kitchen is fitted with granite countertops, an electric hob and oven, and is plumbed for one appliance. The bathroom is well configured with a separate shower and toilet, while generous built-in cupboards provide ample storage. Residents of The Factory enjoy access to exceptional lifestyle amenities, including a rooftop swimming pool, entertainment and braai area, gym, lift access, and 24-hour security with controlled access. The apartment also includes one secure undercover parking bay and is fibre ready. Ideally located in the heart of Observatory, The Factory is within easy reach of UCT, Groote Schuur Hospital, the CBD, and the suburb's renowned cafés, restaurants and nightlife, making it a popular choice for both owner-occupiers and investors. The apartment is currently tenanted, offering the opportunity for immediate rental income while remaining equally attractive to purchasers looking to occupy the property in the near future. Property Features * Asking Price: R1,250,000 * 38 m² studio apartment * Second floor * Secure undercover parking bay * Open-plan layout with built-in desk creating distinct living and sleeping zones * Granite kitchen countertops * Electric hob and oven * Plumbed for one appliance * Separate shower and toilet * Built-in cupboards * Fibre ready * Mountain views * Rooftop swimming pool * Rooftop entertainment and braai area * Communal gym * Lift access * 24-hour security and access control * Levies: R2,050 per month * Rates: ±R300 per month * Currently tenanted A superb opportunity to secure a quality apartment in one of Observatory's most recognized and sought-after developments. Don't miss out on this rare combination of convenience and value in a prime location. Contact me today to arrange a viewing. Josh Keet is a representative of Real Estate Power CC, T/A REAL Realty.