Hot rental investment with excellent yield - The Hub, Woodstock
Category Rentals
One of the hottest rental investments in Cape Town right now, is "The Hub", a new apartment block located in sought-after Woodstock. It is part of the fabulous regeneration of the neighbourhood which has become highly desirable as a more accessibly priced alternative to the neighbouring CBD and Atlantic Seaboard.
Cape Town, especially the area around the central city areas have a buoyant rental market supported by year-round demand for residential and student rentals, but also offer excellent opportunities for short-term and Airbnb rentals.
Apartments are particularly sought after, and "The Hub" enjoys a top location in one of Cape Town's coolest neighbourhoods, as ranked by the UK Guardian Newspaper. These days too, you simply cannot go wrong by investing in Cape Town, especially in high demand areas where capital value growth has outstripped the rest of the country over the last 10-plus years.
The Hub is ideally located with quick access to the MyCiti bus network and is under ten minutes' drive from the CBC and Atlantic Seaboard attractions. It is also ideal for UCT access as well as medical professionals who need to be close to the various hospitals and medical centres around the area including Groote Schuur.
It offers immediate access to attractions such as the Old Biscuit Mill and Neighbourgoods Market and Woodstock is renowned as the creative and design hub of Cape Town. There is no shortage of amenities, and you have quick access to main arterials out of the city towards Blouberg, the many wine farms and other attractions of the Cape.
The Hub is one of the trendiest new complexes in Woodstock. It offers a mix of studio, one- and two-bedroomed apartments with all the mod cons, secure parking and high-speed fibre connectivity. The units are also pet and bicycle friendly. The complex offers a unique rooftop gym with a running track with fabulous panoramic views of the Mother City.
The development is exceptionally well priced. Prices range from just R915,000 to R1.46 million. These apartments require no investment upfront with no deposit required, and 100% approved home loans available for qualifying buyers. There are no transfer costs/conveyancer fees and all sales up to R1.1 million are automatically exempt from transfer duty.
The units are ready to transfer in under three months and bond repayments only commence once the property is transferred. These apartments are ideal for those looking for a rental investment. The units offer an existing rental revenue stream with pre-vetted tenants, lease agreements and a net yield of around 7%.
One of the advantages of investing in a new development is that there is usually not a massive upfront cost investment needed as noted above. You are able to finance your investment by way of a mortgage loan and the rental can help pay off our investment. At the same time it will also accumulate value and ultimately, you will have an asset of substantial value.
Seeff is a top property brand with an excellent reputation for our rentals services which is backed by top specialist legal advice and the latest rental Proptech. We offer a full service, from sourcing to ongoing management of the tenant and property, depending on the requirements of the property owner/landlord.
Our documentation is fully compliant to ensure that the interests of the property owner are protected and we have a rental support department to assist every step of the way.
Home is our Story and property our passion. Investing in "The Hub" is not an opportunity that you will not want to miss. Interest is high and the units are selling fast. Please contact us today for a viewing or more information.
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Author: Gina Meintjes
