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ICONIC SHORT-TERM RENTAL APARTMENT HOTEL
R 1,840,000
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General Details
Description
NO TRANSFER OR NO BOND REGISTRATION FEES
OWN FROM ONLY R18 573*
*CALCULATED AT 11.75% OVER 30 YEARS
R10 000 RESERVATION DEPOSIT
WHY INVEST IN BLACKBRICK GARDENS
Iconic short-term rental apartment hotel
Massive R125 000 rental assist to investors*
Non-resident owners have full access to Blackbrick Club nationwide
10 Free days* for hotel investors
15% off accommodation to owners across the BlackBrick network
Free access to facilities and work pods across the network
DEVELOPMENT OVERVIEW
Roodehek Street, Gardens, in the Cape Town City Bowl is the latest location within our growing BlackBrick network.
BlackBrick Gardens is the conversion of a 1960's industrial building previously occupied by jewelry and hat makers into 89 apartments set across six storeys overlooking Table Mountain, Lion's Head, Devils Peak
and the city skyline.
By converting a building and utilising the existing structure, we ensure a more sustainable approach to development. The facade has been pulled back to allow for passive cooling and heating, reducing the operating
costs of the building.
Every BlackBrick building design is a response to the unique character of the neighborhood. In the case of Gardens we have taken a white and brick building and extended this language with 3 storeys above the
existing structure.
As comes standard in all BlackBrick buildings, our club facilities give the community space to connect:
- Workspaces and Meeting Rooms
- Library
- Outdoor Cinema
- Rooftop Terrace
- Ground floor Courtyard Restaurant
- Wind-protected Swimming Pool
- Concierge Service
- Tech-enabled Secure Access
- Back-up Power to every apartment
INVESTING IN BLACKBRICK DELIVERS GREAT RETURNS WITH TWO MANAGEMENT SOLUTIONS TO CHOOSE FROM:
Short-Term Letting Management:
To ensure smooth operations of the building, all short term letting is undertaken by BlackBrick.
BlackBrick takes care of all marketing and logistics to do with short-term letting.
At the end of the month, we deduct all of the expenses and the 15% BlackBrick management fee.
Net Yield for 2025 projected at 9%*.
Long-Term Letting Management:
BlackBrick offers a long-term (6-months plus) placement and letting management service on-site.
You are not required to use BlackBrick, and you are able to self-manage or utilize external agencies at your discretion.
Net Yield for 2025 projected at 6%*.
THE NEIGHBOURHOOD
Gardens is an urban neighborhood in Cape Town steeped in heritage, nestled on the footsteps of Table Mountain & Lion's Head. Home to a young dynamic growing population, diverse restaurants, and artisanal shops - it has become a hub for the Capetonian creative economy. Housing film makers, record producers, advertising agencies, content creators, production companies and publishing houses. Gardens gives its community everything it needs to experience an integrated living and working environment punctuated by views of the city's landmark mountain.
R...
Has Pool
Property Reference #: RL1853
Agent Details:
IGrow Wealth Investments
IGrow Wealth Investments (PTY) Ltd
99 Jip de Jager Drive
Welgemoed
The Vineyards Office Estate
OWN FROM ONLY R18 573*
*CALCULATED AT 11.75% OVER 30 YEARS
R10 000 RESERVATION DEPOSIT
WHY INVEST IN BLACKBRICK GARDENS
Iconic short-term rental apartment hotel
Massive R125 000 rental assist to investors*
Non-resident owners have full access to Blackbrick Club nationwide
10 Free days* for hotel investors
15% off accommodation to owners across the BlackBrick network
Free access to facilities and work pods across the network
DEVELOPMENT OVERVIEW
Roodehek Street, Gardens, in the Cape Town City Bowl is the latest location within our growing BlackBrick network.
BlackBrick Gardens is the conversion of a 1960's industrial building previously occupied by jewelry and hat makers into 89 apartments set across six storeys overlooking Table Mountain, Lion's Head, Devils Peak
and the city skyline.
By converting a building and utilising the existing structure, we ensure a more sustainable approach to development. The facade has been pulled back to allow for passive cooling and heating, reducing the operating
costs of the building.
Every BlackBrick building design is a response to the unique character of the neighborhood. In the case of Gardens we have taken a white and brick building and extended this language with 3 storeys above the
existing structure.
As comes standard in all BlackBrick buildings, our club facilities give the community space to connect:
- Workspaces and Meeting Rooms
- Library
- Outdoor Cinema
- Rooftop Terrace
- Ground floor Courtyard Restaurant
- Wind-protected Swimming Pool
- Concierge Service
- Tech-enabled Secure Access
- Back-up Power to every apartment
INVESTING IN BLACKBRICK DELIVERS GREAT RETURNS WITH TWO MANAGEMENT SOLUTIONS TO CHOOSE FROM:
Short-Term Letting Management:
To ensure smooth operations of the building, all short term letting is undertaken by BlackBrick.
BlackBrick takes care of all marketing and logistics to do with short-term letting.
At the end of the month, we deduct all of the expenses and the 15% BlackBrick management fee.
Net Yield for 2025 projected at 9%*.
Long-Term Letting Management:
BlackBrick offers a long-term (6-months plus) placement and letting management service on-site.
You are not required to use BlackBrick, and you are able to self-manage or utilize external agencies at your discretion.
Net Yield for 2025 projected at 6%*.
THE NEIGHBOURHOOD
Gardens is an urban neighborhood in Cape Town steeped in heritage, nestled on the footsteps of Table Mountain & Lion's Head. Home to a young dynamic growing population, diverse restaurants, and artisanal shops - it has become a hub for the Capetonian creative economy. Housing film makers, record producers, advertising agencies, content creators, production companies and publishing houses. Gardens gives its community everything it needs to experience an integrated living and working environment punctuated by views of the city's landmark mountain.
R...
Has Pool
Property Reference #: RL1853
Agent Details:
IGrow Wealth Investments
IGrow Wealth Investments (PTY) Ltd
99 Jip de Jager Drive
Welgemoed
The Vineyards Office Estate
Id Subtitle 1223927552
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Estimated monthly repaymentR 19,941
Total property loan amountR 1,840,000
Total interestR 2,945,651
Total repaymentR 4,785,651
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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IGrow Wealth Investments (PTY) Ltd
Selling for 6+ years
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