For investors thinking of buying vacation rental property in Sea Point, the suburb offers an excellent opportunity. Sea Point lies on the Atlantic Seaboard of Cape Town, nestled between the City Centre, Green Point, Bantry Bay and Mouille Point.
Famous for its long stretch of beachfront known as the Sea Point Promenade, the area is popular among both leisure and business travel markets. What makes the area so sought-after as an investment area is its balance of ocean, mountain and city views, along with its close proximity to major business centres and tourist landmarks.
What should investors consider when buying vacation rental property in Sea Point, and what else is worth noting about this area? Let’s take a look…
Buying Vacation Rental Property in Sea Point
If you are considering buying vacation rental property on the Atlantic Seaboard, Sea Point offers a central area with a number of advantages. Some things to note about this area include the following:
- Apartments form a large percentage of property types in the area. These apartments are ideal for investors seeking vacation rental property, ranging from more affordable studios all the way to luxurious 5-star penthouses close to the ocean. Some of the more recent complexes provide exclusive use features such as roof-top decks and swimming pools. Apartments cater to a wide variety of travel markets, providing the ideal lock-up-and-go lifestyle along with easy access to the area’s attractions.
- Villas and free-standing properties are also found in the area. While apartments are in abundance, there are also a number of well-positioned villas and vacation houses to be found in Sea Point. Many of these are situated on the slopes of Lion’s Head, giving the advantage of both sea and mountain views. In addition to the busier roads such as Beach Road, Sea Point is home to many quiet residential roads that are ideal for vacation houses.
- The suburb’s central location makes it attractive to many travel markets. Corporate travellers have the benefit of being minutes away from the Cape Town International Convention Centre (CTICC) and many headquarters in the CBD. Leisure travellers are within walking distance to the beachfront and its many restaurants, shops and cafes, while also being minutes from Camps Bay beaches and tourist landmarks. The V&A Waterfront is also in easy reach.
Thanks to constant developments in the area, many new apartment and aparthotel buildings have been introduced in Sea Point. As the area continues to gain a reputation among travellers for its central location, exceptional views and high quality of life, there is no doubt that this area will continue to attract investors.
If you are serious about buying vacation rental property in Sea Point, and you would like to learn more about maximising your rental returns, managed vacation rentals offer the most effective way to get the best from you investment. Totalstay offers a full service approach to property management for the short term market. From day to day management and bookings to concierge services, active promotion across multiple channels and comprehensive reporting, we help you get where you need to go. To learn more about our approach, contact us for an evaluation. We will help you see that buying vacation rental property in Sea Point is the best move you could make.