R 1 731 000

2 Bedroom Apartment / Flat for Sale in Woodstock

1 Albert Road, Woodstock, Cape Town, Woodstock, Cape Town

2
1
41 m²

NO TRANSFER DUTY

Inner city investment/ no transfer duty/udz tax relief

WESTERN CAPE: Investment and Location- with potential SARS approved UDZ tax relief

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...

WESTERN CAPE: Investment and Location- with potential SARS approved UDZ tax relief

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.

Bedrooms: 2

Bathrooms: 1

No Pets Allowed

Listing number: P24-111840442, Image number: 1

Listing number: P24-111840442, Image number: 2

Listing number: P24-111840442, Image number: 3

Listing number: P24-111840442, Image number: 4

Listing number: P24-111840442, Image number: 5

Listing number: P24-111840442, Image number: 6

Listing number: P24-111840442, Image number: 7

Listing number: P24-111840442, Image number: 8

Listing number: P24-111840442, Image number: 9

Property Overview

Listing Number

111840442

Type of Property

Apartment / Flat

Street Address

1 Albert Road, Woodstock, Cape Town, Woodstock

Description

New Development, First Floor

Lifestyle

Coastal/Beach, Holiday Home, Metropolitan, Student Accommodation

Listing Date

13 October 2022

Erf Size

1 288 m²

Floor Size

41 m²

Price per m²

R 42 220

Levies

R 2 214

No Transfer Duty

Yes

Rates and Taxes

R 680

Pets Allowed

No

Price Per Parking

R 250 000

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, Fridge, Tiled Floors, Built-in Cupboards, Gas Hob

Lounge

Partially furnished.

Tiled Floors, Curtain Rails, Internet Port, TV Port, Open Plan

External Features

Parking

Can buy under basement parking for extra R250 000.

Visitors Parking, On Street Parking, Underground

Garden

Communal, Landscaped, Zen Garden

Building

Number of floors

9

Other Features

Security

Closed Circuit TV, 24 Hour Access, Guard, Safe

Nearby Public Transport

Bus, Minibus Taxi

Wheelchair Accessible

Yes

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.

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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.