R 1 673 500

2 Bedroom Apartment / Flat for Sale in Woodstock

Woodstock, Cape Town

2
1
1
37 m²

NO TRANSFER DUTY

Inner city investment/ no transfer duty and urban dev zone tax relief

WESTERN CAPE: Investment and Location

In today’s South African property market it’s no secret that Cape Town, and specifically the CBD and Atlantic Seaboard are the investment buzz areas, however the Western Cape in general is by far the preferred property area when it comes to Real Rate Of Returns and Capital Growth

Woodstock, centrally located within walking distance to these areas (approximately 4 kms), and is also on the My City bus route.

Woodstock was notoriously known for its gangster activities in years gone by, but has evolved into a modern growth area, abuzz with restaurants, office blocks, hotels, and Micro Accommodation, to name but a few activities in the area.

With numerous projects in and around the Cape Town CBD, Micro accommodation has exponential returns with short-term letting, Air BnB and long-term letting for students and young up and coming...

WESTERN CAPE: Investment and Location

In today’s South African property market it’s no secret that Cape Town, and specifically the CBD and Atlantic Seaboard are the investment buzz areas, however the Western Cape in general is by far the preferred property area when it comes to Real Rate Of Returns and Capital Growth

Woodstock, centrally located within walking distance to these areas (approximately 4 kms), and is also on the My City bus route.

Woodstock was notoriously known for its gangster activities in years gone by, but has evolved into a modern growth area, abuzz with restaurants, office blocks, hotels, and Micro Accommodation, to name but a few activities in the area.

With numerous projects in and around the Cape Town CBD, Micro accommodation has exponential returns with short-term letting, Air BnB and long-term letting for students and young up and coming business persons.

ONE ON ALBERT is exactly one of these pioneering developments launched to the market in 2021, with 165 units.

ONE ON ALBERT is a development that qualifies for tax relief under the SARS, City of Cape Town Urban Development Zone tax scheme, Do you qualify for this tax benefit?

Currently, standing on 67% sold out, there are only 69 units left for sale and available to purchase directly from the developers. This obviously means the prices include VAT so there is NO TRANFER DUTY PAYABLE.

There are 18- (2 bedroom) units range from 37m² - 41m² in size available and are priced between R1,673 500.00 – r1,731 000.00

The remaining 51 (Studio) units are the most popular Air BnB investor options and they range from 24m² -27m² in size and price from R1,074 000.00 – r1,387 500.00

Financing is available for both First-time buyers (up 106% of purchase price) as well as seasoned investors at attractive interest rates.

There are two approved specialist rental management companies available to investors to assist with their rental and tenant management.

Luxury micro apartments are the solution to the housing shortage and young professionals are demanding well located, central, affordable housing.

This brand-new development of micro apartments offers high end fixtures, fittings and come semi furnished. Designed by award winning architects Peerutin Karol, this ideally located development is perfect for the young entrepreneur, investor looking to maximize the rate of return, the student and the Air BnB investor.

The development consists of: 8 Floors of apartments ranging from 21m² studio units to 48m² 2 bed room units, a pool area, a ground floor retail shopping area and biometric security access control.

The building is fitted with fiber and TV/Netflix and is located on the MyCiti bus route. The building is 1,5km from Cape Town CBD and 4km from the V&A Waterfront, offering an ideal answer to both first time buyers and seasoned property investors.

Bedrooms: 2

Bathrooms: 1

Parking: 1

No Pets Allowed

Furnished (Optional)

Pool

Garden

Listing number: P24-111822690, Image number: 1

Listing number: P24-111822690, Image number: 2

Listing number: P24-111822690, Image number: 3

Listing number: P24-111822690, Image number: 4

Listing number: P24-111822690, Image number: 5

Listing number: P24-111822690, Image number: 6

Listing number: P24-111822690, Image number: 7

Listing number: P24-111822690, Image number: 8

Property Overview

Listing Number

111822690

Type of Property

Apartment / Flat

Lifestyle

Aquatic Activities, Coastal/Beach, Complex

Listing Date

10 October 2022

Erf Size

1 288 m²

Floor Size

37 m²

Price per m²

R 45 230

Levies

R 1 998

No Transfer Duty

Yes

Rates and Taxes

R 640

Pets Allowed

No

Furnished

Optional

Floor Number

2

Rooms

Bedrooms

2

Bedroom 1

Tiled Floors, Curtain Rails, Built-in Cupboards, Double Bedroom

Bedroom 2

Tiled Floors, Curtain Rails, Built-in Cupboards, Double Bedroom

Bathroom

Tiled Floors, Shower, Toilet and Basin

Kitchen

Micro oven, Small Fridge included

Open Plan, Gas Hob

Lounge

Partially furnished.

Internet Port, TV Port, Open Plan

External Features

Parking

Can buy under basement parking for extra R250 000..

On Street Parking, Underground

Garden

Communal, Courtyard, Landscaped

Pool

Communal Pool

Building

Number of floors

8

Other Features

Security

24 Hour Access, Guard

Height Restriction

8 m²

Points of Interest

Bond Calculator

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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 do I qualify for based on my income?

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*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.