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UDZ Investment in cosmopolitan Cape Town
R 1,780,000
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General Details
Location:
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):2
Bathrooms (#):1
Size (sqm):58
Description
Priced from R1780 000
Only a few units remaining!
Introducing urban living at its finest. Located in the heart of vibrant Cape Town, Chapel Towers is both a golden investment opportunity and the chance to become part of a rich historical tapestry. Immerse yourself in the culture, colour, spirit and flavour that sets Cape Town apart from the world.
An ideal short-term investment opportunity where similar properties generate R27 000+ p/month in the lower season and greater yields over high season.
This investment is ideal for short-term Airbnb Letting AND Qualifies as a *UDZ Investment with R979 000 in savings.
*UDZ - UDZ allowance is calculated as a 55% factor of the acquisition cost of the property. The allowance is claimable over 11 years of which the first year 20% is claimable (calculated from the 55%) and 8% is claimable (calculated from the 55%) on the next 10 years.
Short Term Rental Opportunity Generating R27 000+ per month
R979 000 in savings (UDZ Qualifying Investment)
18.2% GRY
8% Capital Growth
Units are Occupational Ready
2 Bed 1 Bath Unit Options
2 Bed 1,5 Bath Unit Options
Central Location
Secure Access Controlled
Superior finishes include engineered stone tops
Quality Porcelain tiles and laminated flooring
Roof top pool and Braai area
Gym facilities
Laundry facilities
Wifi connection
Mountain & Harbour views
Secure basement parking
Rates And Taxes: 726
Levies: 1840
Property Reference #: 162
Agent Details:
Heinrich Kapp
Empire Wealth Properties
Studio 1E, Bricklane Avenue, Devonbosch Lifestyle Estate, Bottelary Road, Stellenbosch, Cape Town,
Only a few units remaining!
Introducing urban living at its finest. Located in the heart of vibrant Cape Town, Chapel Towers is both a golden investment opportunity and the chance to become part of a rich historical tapestry. Immerse yourself in the culture, colour, spirit and flavour that sets Cape Town apart from the world.
An ideal short-term investment opportunity where similar properties generate R27 000+ p/month in the lower season and greater yields over high season.
This investment is ideal for short-term Airbnb Letting AND Qualifies as a *UDZ Investment with R979 000 in savings.
*UDZ - UDZ allowance is calculated as a 55% factor of the acquisition cost of the property. The allowance is claimable over 11 years of which the first year 20% is claimable (calculated from the 55%) and 8% is claimable (calculated from the 55%) on the next 10 years.
Short Term Rental Opportunity Generating R27 000+ per month
R979 000 in savings (UDZ Qualifying Investment)
18.2% GRY
8% Capital Growth
Units are Occupational Ready
2 Bed 1 Bath Unit Options
2 Bed 1,5 Bath Unit Options
Central Location
Secure Access Controlled
Superior finishes include engineered stone tops
Quality Porcelain tiles and laminated flooring
Roof top pool and Braai area
Gym facilities
Laundry facilities
Wifi connection
Mountain & Harbour views
Secure basement parking
Rates And Taxes: 726
Levies: 1840
Property Reference #: 162
Agent Details:
Heinrich Kapp
Empire Wealth Properties
Studio 1E, Bricklane Avenue, Devonbosch Lifestyle Estate, Bottelary Road, Stellenbosch, Cape Town,
Id Subtitle 1264000804
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Estimated monthly repaymentR 19,290
Total property loan amountR 1,780,000
Total interestR 2,849,597
Total repaymentR 4,629,597
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Empire Wealth Properties
Selling for 1 year
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