SALE-000544 | For Sale

70 Apartments with Retail Unit in Cape Town

SS 1 on Albert, 1A Albert Road, Cape Town, City of Cape Town Metropolitan Municipality, Western Cape

70 Apartments with Retail Unit in Cape Town. SS 1 on Albert, 1A Albert Road, Woodstock, Cape Town

70 Residential Apartments which consist of : 52 x Studio Apartments & 18 x 2 Bedroom Apartments | 1 Retail Unit of ± 680 m² | 40 Basement Parking Bays | Air BnB Friendly | Closing Date for offers: 30 November 2023


This property presents a rare opportunity to purchase 70 residential units, 680 m² of retail space and a total of 40 basement parking bays. These units are located in the secure micro apartment development known as 1 on Albert which has been architecturally designed by award winning architects, Louis Karol (now part of Peerutin). This development occupies a prime position at 1a Albert Road which lies at the corner of Albert Road and Grey Street within the suburb of Woodstock. Woodstock is a neighbourhood located in Cape Town, South Africa. It is situated just outside the city centre, to the east of the central business district. Woodstock has undergone significant transformation in recent years, evolving from an industrial area into a vibrant and eclectic urban community.

The 70 Residential Apartments on offer are made up of 18 x 2- Bedroom Units Apartments and 52 x Studio Apartments. The 2-Bedroom Apartments range in size from 37 m² to 60 m² while the Studio Apartments range from 24 m² to 27 m². The retail unit comprises the whole ground level with road-facing units and offers an extent of 680 m². Also on sale are a total of 40 basement parking bays .

The apartments have been designed by Delta International Design Studio and include the following amenities:

- Fully Furnished
- 24 Hour Security & CCTV surveillance
- Access Controls Via Card/Code
- Swimming Pool
- Recreation Area with Braai Facilities
- Air BnB Friendly

Woodstock is a diverse neighbourhood with a mix of cultures and backgrounds. It has a reputation for being welcoming and inclusive. The area has seen significant residential development, with many modern apartment buildings and loft-style living spaces catering to a younger demographic.

Woodstock began to undergo a process of gentrification, attracting artists, designers, and young professionals. This transformation brought about a revitalization of the area, with old warehouses and industrial spaces being converted into art galleries, boutique shops, restaurants, and creative studios. The area is now a hub for the arts and culture scene in Cape Town. It is home to numerous art galleries, including the popular Old Biscuit Mill, which hosts the Neighbourgoods Market every Saturday, showcasing local food, crafts, and design.

Woodstock is conveniently located close to the city centre and is easily accessible by car, public transportation (the MyCiti buss route passes through Albert Road and there is a station in front of the building), and even on foot for those living in nearby neighbourhoods. Robben Island Ferry is 4.6 km from the apartment, while V&A Waterfront is 6.2 km away. The nearest airport is Cape Town International Airport, 17 km from 1 on Albert Building . The properties position also offers an ideal opportunity for student accommodation as it is located 1,2 km from CPUT and 5,4km to UCT.

In summary, Woodstock in Cape Town has evolved from an industrial area into a trendy and culturally rich neighbourhood known for its arts, culture, and vibrant atmosphere. Its history, diversity, and ongoing transformation make it a unique part of the city's urban landscape.

Commercial Type:
Commercial Building
Web Reference:
SALE-000544
List price:
0
Address:
SS 1 on Albert, 1A Albert Road, Cape Town, City of Cape Town Metropolitan Municipality, Western Cape
Muhammad Ali
                                                         In2assets Representative

Property Agent


Muhammad Ali
Show number
alim@in2assets.com


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