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.
