SEA POINT - INVESTMENT HOME
Asking price : From 1.4 million (off plan) ZAR.
Upper Sea Point, brand new apartment block built to a high specification. Two bedroom, two bathroom, apartments with sea views and balconies. Communal pool and secure, parking with a 24 hour concierge.
We were approached by six individual clients from different parts of the world, who were keen to purchase an apartment off plan which would give them good rental yield and prove to be a good investment.
We chose the Bay Views development once we had been re-assured that the quality of the finish would be of a high enough standard and that the build would happen according to schedule. Clients wanted to invest in Cape Town, and have confidence that their apartment would rent out. We purchased a selection of different sized properties, (between 69m2 and 88m2,) on different floors, including the top floor which had an additional 100m2 of private roof terrace.
Space continue to manage some of these apartments for clients getting consistent rental income with either short or long term lets. Investors who have since sold have made up to 20.5% return on their investment.