Last chance to capitalise on this lucrative Cape Town inner-city investment deal

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Luxury apartments in Cape Town's inner city remain sought-after, now more than ever.

The Rockefeller, a luxury development by Ryan Joffe Properties located on prime real estate next door to the R14-billion Harbour Arch mixed-use precinct, is a limited buy-to-let opportunity for investors wanting to make the most of Cape Town's strengthening property market.

The Rockefeller in Cape Town offers luxury, hotel-style living, with investment opportunities designed to capitalise on the current market conditions - Click here to find out more.   

In a deal designed to take the stress out of investing in rental property, The Rockefeller offers upmarket, hotel-style living apartments from R1.515 million together with a four-year rental guarantee.

This would see investors pay about R1 836 a month over the next four years for a luxury 25m² unit available from R1.625 million or R2 050 a month for a 30m² unit from R1.815 million. Investors can reserve their unit online - Click here to find out more.

The typical goal with an investment property is capital growth and with the The Rockefeller, investors are able to secure that together with guaranteed rental yield. 

 

Limited Fully-Furnished Rockefeller Investment Launch Deal – Ending 30 November or while stock lasts

Your buy-to-let investment can be further simplified by purchasing a fully-furnished apartment, without paying an extra cent. There are limited complimentary furniture packages from Source Interior Brand Architects, valued at between R120 000 – R150 000 (excluding VAT) on offer.  

With the development nearing completion, The Rockefeller sales team are available daily for private viewing appointments and are happy to discuss the development with interested buyers.  Click here to reserve your unit online, or to have a representative contact you directly click here. 

Limited complimentary furniture packages from Source Interior Brand Architects available. Click here to find out more.   

Costs include monthly rates and levies. Click here to find out more.  

Cape Town’s five-year market trend

Economic growth is a fundamental driver of residential property value. 

Cape Town as a destination drawcard for both local and international visitors is undeniable – and as the globe recalibrates to the trends of Covid-19, the latest Lightstone House Price Index shows growth for Cape Town and the Western Cape is fast returning to pre-pandemic levels. 

Industry data shows that coastal areas are doing particularly well and “while uncertainty surrounds many areas of the property market, investors may be able to take refuge in this promising segment”.

In 2016, the Cape Town property market saw a House Price Inflation (HPI) high of 11%. At its lowest in 2018, the market saw HPI drop to just below 3%. Recovery saw the market almost double in growth to 4% in 2019, only to dip back to below 3% during the lockdown-hit year of 2020.

The latest quarterly data for 2021, however, has seen the market go from strength to strength to see a new 2021 high of 4.3% in June 2021, with many homeowners and investors encouraged by the historically low interest rate, even with the most recent hike.   

What happens after the four years?

Investors can extend their lease agreement and put the unit back into the hotel pool managed by Newmark. Any additional admin fees would be calculated and included in the updated lease agreement. Current rates and levies are estimated at R615 and R875 respectively. 

What about Parking?

While there is no basement parking at The Rockefeller, Ryan Joffe Properties are developing a parking lot located across the street from the development, with preference and availability given to Investors. Parking bay rental would be an estimated R1 000 per month for a long lease. 

Exceptional location and amenities

The Rockefeller is packed full of amenities that service residents and hotel guests’ every need. The ground floor boasts a double volume lobby, 24-hour concierge and security as well as 3 premium restaurant offerings. At the Corner Deli, you’ll find artisan coffee, salads, wraps, pastries, and a range of other delicious snacks in eco-friendly ready-to-go packaging, while The Empire serves wholesome breakfasts, wood-fired pizzas, juicy burgers and mouth-watering Lindt white chocolate cheesecake.

Prime Cut Steakhouse and Seafood is an intimate 40-seater grill serving wet- and dry-aged beef, shellfish and Knysna oysters accompanied by a world-class wine list. Alternatively, diners can grab a light bite at the standing Miso Sushi and Noodle Bar. There’s also a reasonably priced convenience store and room service available. One floor up, you’ll find the fitness centre, drop & go laundromat, conference facilities and meeting rooms, as well as the Ideas Cartel, a world-class co-working space for residents and hotel guests.

The magnificent rooftop Studio Bar and pool have sweeping views of Table Bay, the city and Table Mountain. The swimming pool has been specifically designed to be enclosed by large windows and a retractable roof to make it available for use throughout the year. Newmark Hotels facilitates and manages the hotel rental and has a wide range of premium units that are impeccably appointed with lavish décor accents offering a stately refuge from the inner-city bustle.

Epitomising the city’s penchant for cosmopolitan fashion, its design is inspired by a sleek, modern aesthetic that adds to its majestic setting. The Rockefeller is within easy reach of the Cape Town International Convention Centre and the V&A Waterfront - a quick uber ride from a host of restaurants, shops, nightlife and cultural attractions.

Click here to reserve your unit online, or to have a representative contact you directly click here. 

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