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R19,950,000

Monthly Bond Repayment R212,752.71
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

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Special Levy
R9,064

Prime Investment Opportunity: Six-Unit - Two-Story Building in Sea Point, Cape Town

This property is a two-story building located in Sea Point, Cape Town, offering six units for investment purposes. Each unit is approximately 90 square meters in size and comes with four parking bays.

The location of the building is described as prime, being close to the beach and the popular Sea Point Promenade, which is a significant draw for residents and visitors alike. Its proximity to grocery stores, delis, restaurants, and bars within a 1km radius adds to its convenience and attractiveness.

The building's layout consists of two levels, with three separate apartments on each floor, providing six independent living spaces. The units are designed to offer spacious and comfortable living, with open balconies or exclusive use areas.

One notable feature of the property is the large, sunny, and private back courtyard accessible from the ground floor apartments, which can be upgraded to include a pool and entertainment area. This adds to the overall appeal and potential value of the property.

Parking is highlighted as a premium amenity in Sea Point, and the property addresses this need with four dedicated parking bays behind secure gating. Additionally, safe parking options are available nearby, further enhancing convenience for residents and guests.

The units themselves boast well-thought-out layouts, featuring two bedrooms, two bathrooms, high ceilings, and natural sunlight throughout. Breathtaking mountain views add to the desirability of the property.

For investors, the potential return on investment is emphasized, with short-term rental projection reports available upon request. The property currently has long-term tenancies in place, providing stability with the option for break clauses.

In summary, this property offers an exceptional investment opportunity in one of Cape Town's most desirable and booming neighborhoods, combining location, design, and financial potential to attract investors seeking to benefit from the city's thriving short-term rental market.

Features

12
12
Pets Allowed
Yes
Interior
Bedrooms
12
Bathrooms
12
Reception Rooms
12
Exterior
Carports / Parkings
4
Security
No
Sizes
Land Size
638m²

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At Home in Cape Town, with Trust.
At Home in Cape Town, with Trust. As Home and Hectare Real Estate continues to grow and expand our areas of operation, we are extremely proud to present our first residential property listing in the Mother City of Cape...
 
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

212,752.71

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