Invest From R825,000 (Was R880,000)

Maitland, Cape Town, Western Cape

Completed Cash flow positive buy-to-let investment opportunity in one of the fastest growing tenant markets in Cape Town.

Brand New 2-bed 1-bath sectional title apartments ready for occupation in early 2021. Invest alongside one of the big funds in the Cape Town property market. The fund owning the complex is only selling a few of the units, at a discounted price, keeping the balance of the units as their own investment stock.

INVESTMENT SUMMARY

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Why invest?

Location Location Location

The apartment complex is situated in the heart of Maitland on public transport routes and in close proximity to Cape Town CBD, nestled between shops, schools and other amenities. Stylish cash flow positive investment opportunities are a rare find is this high rental demand area.

Proximity

The suburb of Maitland is named after Sir Peregrine Maitland who was governor of the Cape in the mid 1840s.

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Maitland is situated along a number of important transport networks connecting the Cape Town city bowl to the rest of the city and the suburb is in close proximity to Cape Town CBD on the outskirts of Observatory within walking distance from Voortrekker Main Road.
The area is well serviced by the My City busses, two train stations and taxis offer a short commute to the CBD, Century City, Bellville and Paarden Island.
Maitland is an established residential area with good schools, churches, shops and parks and is home to a variety of businesses from printing companies to media and transport companies.
The surrounding area comprises predominantly of commercial property, besides having previously residential properties now converted into small business premises. There are a number of business parks offering light industrial or office space, such as Maitland, Gateway, Olympic, The Bridge, Santos, Freeway as well as Oval Business Park. Warehousing is also readily available.
Some firms which have their head offices in the Maitland area are Cape Cookies, Bags Direct, St. Elmo’s Pizzaway, in addition to Smart Office Connexion. Voortrekker Road is lined with commercial businesses, mainly relating to light industrial, DIY, auto parts or repairs, builders supplies, including suppliers of other, similar services or products.
Maitland is 10 km away from Cape Town International airport and 4.6 km from Cape Towns CBD.
 Finding new property below R1m is extremely rare and fills a great need for affordable housing in close to the City with an abundant tenant market.
Statistics are provided by TPN Credit Bureau
 
The complex consists of 29 apartments on 4 levels with basement parking on ground level.
There are 5 different unit floor plans, making each unit unique and with its own character.

Value Adding Features

Financial Analytics

This investment holds strong appeal for property investors looking for cash flow positive buy-to-let investment opportunities near Cape Town. The investor immediately unlocks equity of R55,000 and has an additional R82,000 equity available at the end of year 1 to gear towards his next property.