R 1 615 000

1 Bedroom Apartment / Flat for Sale in George South

1
1
1
50 m²

RETIREMENT
NO TRANSFER DUTY

One Bedroom apartments for sale - 66 MEADE

One-Bedroom Apartment 3rd with Sunset Views

*NO TRANSFER DUTIES*

Welcome to The Meade, where 78 exclusive apartments blend luxury and convenience. Come home to comfort and unwind in style. Each unit features meticulously designed interiors and refreshing shared amenities, all curated for an urban Garden Route lifestyle.

Average ROI and Rental Yield in George

1. Return on Investment (ROI):

• Average ROI: Over the past decade, properties in George have delivered an average annual ROI of approximately 8-10%. This figure indicates the region’s stable market and the ongoing demand for residential properties, both for full-time residents and holidaymakers.

• Factors Driving ROI: The ROI in George is supported by factors such as the town's strategic location, quality of life, and the influx of people relocating from larger cities in search of a more serene...

One-Bedroom Apartment 3rd with Sunset Views

*NO TRANSFER DUTIES*

Welcome to The Meade, where 78 exclusive apartments blend luxury and convenience. Come home to comfort and unwind in style. Each unit features meticulously designed interiors and refreshing shared amenities, all curated for an urban Garden Route lifestyle.

Average ROI and Rental Yield in George

1. Return on Investment (ROI):

• Average ROI: Over the past decade, properties in George have delivered an average annual ROI of approximately 8-10%. This figure indicates the region’s stable market and the ongoing demand for residential properties, both for full-time residents and holidaymakers.

• Factors Driving ROI: The ROI in George is supported by factors such as the town's strategic location, quality of life, and the influx of people relocating from larger cities in search of a more serene lifestyle. The sustained interest in the area ensures property values continue to appreciate, offering investors a reliable return on their investment.

2. Rental Yield:

• Average Rental Yield: The rental market in George is equally robust, with average gross rental yields ranging between 5% and 6%. These yields are particularly attractive in the current low-interest-rate environment, providing a steady income stream for property investors.

• Demand for Rentals: Rental demand in George is fueled by a mix of long-term tenants, including retirees and young professionals, as well as short-term holiday rentals. The town’s proximity to key amenities, excellent schools, and a strong tourism sector further bolsters its rental market.

Pricing: (VALID TILL 31 December 2024)

• 17 x Studios: Starting from R1.27 million

• 25 x One-bedroom apartments: Starting from R1.45 million

• 24 x Two-bedroom apartments: Starting from R1.995 million

• 7 x Three-bedroom penthouses: Starting from R3.255 million

Location:

Situated at the foot of the Outeniqua Mountains and just a short stroll from George Central, The Meade is your oasis on the edge of paradise.

Apartment Features:

• Secure, Covered Parking

• Contemporary Finishes

• Optional Extras Available

• Spacious Covered Balcony or Garden

• Fibre Ready

• Optional Inverter for Backup Power

• Pet Friendly (Upon Body Corporate Approval)

Amenities:

• Outdoor Leisure Pool and Sundeck

• Clubhouse with Catering Facilities

• Open Air Braai Area and Communal Seating

• Gardened Courtyard and Lounging Areas

• Lift Access and 24-hour Security

• Biometric Access Control

Lifestyle:

Take a dip in the pool or spend the afternoon reading in the shade. Whether it’s a braai with family or a party with friends, The Meade offers spaces to enjoy your time and the company of your loved ones.

Investment Opportunity:

Whether you’re seeking a peaceful retreat or a thriving investment, The Meade offers the ideal opportunity.

Address:

66 Meade St, George, Western Cape, South Africa.

Completion Date: Q2 2026

Bedrooms: 1

Bathrooms: 1

Parking: 1

Pet Friendly

Pool

Garden

Fibre Internet

Listing number: P24-115110396, Image number: 1

Listing number: P24-115110396, Image number: 2

Listing number: P24-115110396, Image number: 3

Listing number: P24-115110396, Image number: 4

Listing number: P24-115110396, Image number: 5

Listing number: P24-115110396, Image number: 6

Listing number: P24-115110396, Image number: 7

Listing number: P24-115110396, Image number: 8

Listing number: P24-115110396, Image number: 9

Property Overview

Listing Number

115110396

Type of Property

Apartment / Flat

Street Address

66 Meade Street, George South

Description

New Development, Top Floor

Lifestyle

Complex, Retirement Living, Security Estate, Student Accommodation

Listing Date

22 October 2024

Floor Size

50 m²

Price per m²

R 32 300

Levies

R 1 523

No Transfer Duty

Yes

Rates and Taxes

R 1 000

Age

1

Pets Allowed

Yes

Floor Number

3

Rooms

Bedroom

Apartments are equipped for high-speed Fibre, ensuring swift internet access, this will be for the owner/resident’s account. The owner/resident will need to contact the service provider in order to obtain the ISP.

Air Conditioner, Blinds, Built-in Cupboards, Double Bedroom, Vinyl Floors

Bathroom

Basin, Shower, Blinds, Toilet, Vinyl Floors

Kitchen

Breakfast Nook, Open Plan, Stove (Oven & Hob), Extractor Fan, Fridge, Dishwasher Connection, Garbage Disposal, Granite Tops, Washing Machine Connection, Built-in Cupboards, Gas Hob, Under Counter Oven, Vinyl Floors

External Features

Parking

All units include covered parking bays in the building and parking bays are included in the purchase price. All parking is secure and has direct access to the building via lifts and stairs.

Visitors Parking, Carport, Secure Parking, Shade net covered, Single

Garden

Irrigation system, Communal, Garden Services, Landscaped

Pool

Auto Cleaning Equipment, Communal Pool

Building

Number of floors

3

Other Features

Security

The building offers state-of-the-art security with 24-hour security guards, strict access controls with biometric access and CCTV surveillance.

Totally Fenced, Electric Garage, Security Gate, 24 Hour Response, Closed Circuit TV, Guard House, Boomed Area

Nearby Public Transport

Bus

Internet Access

Fibre

Wheelchair Accessible

Yes

Points of Interest

Bond Calculator

Monthly Repayment:

Total Once-off Costs:
(Transfer Duty Excluded)

This property has been flagged as “No Transfer Duty” by the agent/seller, we have therefore excluded a transfer duty of from the total once-off cost calculation.

Min Gross Monthly Income:

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What are the bond and transfer costs?

*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.