The site of the development is beautifully located on the crest of a hill, with most units being afforded incredible views of Table Mountain or the Winelands.
This will be a security complex comprising 61 sectional title apartments. These homes are all 2-bedroom properties with a choice of 1 or 2 bathrooms. All units will have a patio or balcony with a braai.
Brackenfell, the suburb within which this development falls, is an established area undergoing rapid expansion on its outskirts to cater for the huge demand of the middle-income community. The demand for 2-bedroom units in established, safe areas such as this is very high, catering to a broad market of owner-occupiers, investors and rentees. The complex will be access controlled with one entrance gate surrounded by walls with electric fencing.
The units will be more spacious than most 2 bedroom units in the area at 73 – 83sqm in size. The award winning Architects have created a very modern-looking product which will, aside from the size and practicality of the units, add enormously to the appeal of the complex.
Features
- Fibre access to all apartments
- 24hour CCTV security
- Covered parking
- Secure gated community
- Magnificient views of table mountain
- Access control vehicle gate
- Private park
- Units available from R 1 399 900
- Direct from the developer – Transfer & Bond costs included
- R 30 000 reservation deposit
- Up to 100% bonds available
- High rental demand
- Estimate rental income R 9 000pm
- Gross yields 8.6%
- Annual rent escalation 7%
- Rental management service available
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Rental yield
UNIT TYPE 2 BEDROOM, 1 BATHROOM
SIZE / m2 73
PRICE R 1 399 900
RENTAL R 9 000
RENTAL YIELD 8.6%
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