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Benefit from the highest capital growth and return on investment with
below market value prices.
1- AND 2-BEDROOM
APARTMENTS IN BELLVILLE
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We're excited to announce that building has started on The Glen. The
development is located on the corner of Peter Barlow and Bester Roads in
Glenhaven, and measures 7,4 hectares. This integrated housing project will
provide affordable mixed-tenure housing opportunities in very close proximity
to public transport, opportunities of employment, and public amenities like
schools, state hospitals and public libraries. It is also close to great
tertiary education institutes, being only 1,2km from both UWC and the CPUT
Bellville Campus, making this ideal for families and students.
Prices start at a mere R576 300 - unmatched in this area -
which makes this development ideal to add to your property portfolio.
R10 000 reservation deposit required to secure (refundable should finance not be approved)
Reserve your Unit Today!
Location info:
The Glen is ideally located close to work opportunities, thus saving
them high monthly travelling costs. It is also within 5km of the University of
the Western Cape and CPUT's Bellville campuses. This creates a unique
opportunity for investors who would like to take advantage of students' need
for affordable accommodation close to their places of study.
Apartment features:
Apartment blocks built to form natural atrium in centre, including
greenery
Secure complex with biometric access and electric fencing
Fibre installed to all units
Clever site design with 99% of the units facing north-east
Great tertiary education within 5km (CPUT and UWC)
Investment benefits:
Transfer
and bond fees included*
IGrow
Rental Assist to the value of R12 000 over 2 years
Up to 100%
bond financing available
Projected 8% capital appreciation p/a
Projected rental from R4 800 p/m for 1 bedroom apartments
Strong demand for rental apartments in this neighbourhood
Benefit from a 55% deduction through Section 13sex tax rebates
Great
Returns &
Capital
Growth
Huge Rental demand in the area
The Glen was built in answer to the huge demand for sectional title properties in this area of Bellville, as the majority of dwellings here are free-standing houses. Before The Glen was built, a mere 10% of properties in Glenhaven were sectional title apartments and townhouses, despite the demand created by virtue of the tertiary education and work opportunities in close proximity. Bellville, being one of the oldest and most established areas in Cape Town, also has very few properties available for rent in the area as most of the homes are owned. Prior to the Glen being built only 18% of the properties here formed the rental stock – a further indication of the dire need for rental apartments. This demand is proven, as the portion of the Glen development that has since been let is already full.
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