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BRIEF: To source an off-plan investment
offering double-digit capital growth and strong rental
yields.
AREA: De Waterkant
BUDGET: Up to 3.5 million ZAR
OPTIONS PROPOSED: De Waterkant Off-Plan;
City bowl Off-plan
Through our contacts we sourced 2 of the best Off-Plan
developments in Cape Town. Our client chose a penthouse
development in the trendy area of De Waterkant with amazing
Table Mountain and harbour views.
The apartment has air-conditioning, underfloor heating,
high speed internet and a high specification internal
finish. At 2 million ZAR, this property was considerably
lower than the clients budget and as it is Off-Plan, no
transfer duty is payable saving a cost of a further 8%.
De Waterkant Penthouses were completed and rented out for our clients at monthly rentals in excess of 12,000 ZAR per month. All units sold to our clients were rented out immediately on completion and we were able to negotiate a discount for our clients on the monthly agency fee due to the number of properties our clients had to rent.
Below are some photographs of some of the completed units.
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