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CASE STUDIES - UPPER SEA POINT - INVESTMENT HOME

investment property in cape town upper sea point - Main View

Asking price : 4.5 million ZAR.

Penthouse apartment of 170m2 with a private sun terrace of 150m2, high up in Sea Point, a five minute drive to the CBD. Communal pool and secure underground parking available.

Our client was keen to find a strong investment property, and advised Space that he would not be able to view it himself, thus entrusting us to find him the ideal property at the right price. Sea view and plenty of space were crucial parts of the brief. Through contacts we heard about a distressed seller who needed to sell his penthouse urgently. This two bedroom apartment is ideal rental material with a large balcony and fantastic views. It is finished to a high standard and came brand new as the previous owner had actually never used it.

The client loved the size and position of the apartment and we secured a quick deal, netting a final price of 4.05 million ZAR, a mere 50,000 rands above the original price of two years earlier. This property has been rented out extensively covering all costs and giving a rental yield as well as capital appreciation.

investment property in cape town upper sea point - Detail 1 investment property in cape town upper sea point - Detail 2 investment property in cape town upper sea point - Detail 3 investment property in cape town upper sea point - Detail 4

 

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"From the first email back in February through to Sue and Darren meeting us at Cape Town Airport - complete with welcome banner, goodies for the kids, flowers, wine....!' Space have been totally and utterly amazing! Emigrating to South Africa from London with young children is quite an undertaking, but Space have made the whole thing feel quite effortless.

Sue answered every possible query I had over the 7 months, and often before I'd even asked the question! We have managed to buy our dream home, and that was purely down to Darren spending days negotiating on our behalf with the vendor and estate agent. And our children are into the school and nursery of our choice, largely down to Sue having built a relationship with the relevant admissions staff.

Basically, I can't thank Sue and Darren enough, as we keep telling them! I truly don't believe I could have done this without them. They have been totally professional, reliable, honest, diligent and fun from start to finish!"

Mr and Mrs Saunders, Hout Bay.

 

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