Purchasing units in a property security complex in Cape Town is an ideal way to ensure a steady rental income and property value appreciation over time. In the tenant market we can see a strong demand for modern aesthetics in property design, proximity to public transport and other amenities, the need for security and safety and the lean towards eco-friendly housing. IGrow Buy-to-let property investors are looking at premium developments with manned security more and more.
In this post, we will explore a sought-after security complex in Cape Town with properties for sale, namely, The Residence, situated in Parklands North, Cape Town.
The Residence situated in Parklands North is a golden investment opportunity!
Parklands North has emerged as a booming suburb in Cape Town for rental property investors seeking excellent investment opportunities! The Residence is situated near essential amenities, and the area has a robust and expanding infrastructure. There is a great demand for rental units in Parklands North. The area boasts excellent transportation links, bustling shopping malls and an idyllic lifestyle close to Blouberg Strand beach.
The Residence, Parklands North
Green Certification Benefits Investors
IGrow Wealth Investments is excited to introduce you to The Residence, a premium security complex in Parklands North. This development has the added advantage of having an EDGE-certified green building “stamp of approval”.
What does an EDGE-certified green building offer investors?
- Swift and secure transactions
- More amenable financing options are offered by the banks, offering preferential rates
- The units in The Residence have lower operating costs owing to their energy-efficient features
- The rental income in these units is higher because of the modern and sustainable design features
- These properties increase in value over time
- These units are sought after by environmentally-conscious tenants seeking to reduce their carbon footprints. (Source)
View our recent blog post, IGrow Edge Building Certification for Eco-conscious Investors and Tenants, which looks more deeply into EDGE certification and the many benefits of eco-friendly properties for investors and tenants.
All the units at The Residence are fitted with solar geysers, energy-saving light fittings, and heat-efficient windows. This significantly reduces electricity bills- a big drawcard for tenants. These eco-friendly features add extra appeal to this development for investors and tenants, seeking cost-effective, energy-efficient lifestyles.
General investor benefits
The Residence is located in Cape Town’s high-growth northern corridor. Parklands developments have been springing up over the years, with the area becoming highly desirable. There is a high rental demand for young families in this Parklands security complex. This is because of the many excellent playschools, primary schools and high schools found in Parklands, in general, and the on-site play areas and creche with resident preference in particular.
The units come already-tenanted offering immediate rental income to investors. IGrow professional property management services are also available for hassle-free unit ownership. There is the bonus of 1-year FREE rental management (for the first 25 buyers of 2-bedroom, 2-bathroom units) to take the hassle away from your personally running the tenant and maintenance management of your property.
There is up to R60 000* Rental Assist exclusively offered to IGrow investors. Bond registration fees are also included*. There is also up to 100% bond financing available. The projected rental income is from R8,780 to R9,280 per month depending on the size of unit you buy, with a guaranteed rent escalation within 2025.
Tenant Benefits
Tenants living at The Residence will enjoy a well-rounded lifestyle within a central hub, close to the necessary amenities. The Residence is found along the MyCiTi bus route, offering affordable, safe transport into Cape Town’s CBD and the surrounding areas. Top-tier schools, such as Sunningdale Primary and Elkanah House High School are under 2km away. Young families will enjoy the on-site crèche, prioritising residents’ children.
For health and fitness needs, the complex is close to Virgin Active Sunningdale and for your medical needs, Netcare Blaauwberg Hospital is close by. Blouberg Beach is a short drive down the road for tenants’ recreational needs. Shopping hubs found in the area include West Coast Village, Sandown Retail Park and The Piazza.
Lifestyle Perks
The Residence boasts a community feel that makes tenant life all the more desirable. There is a handy children’s recreational area for young families. The complex offers communal green areas and wonderful braai facilities. The Modern architectural design found within this safe, gated Parklands security complex, is highly desirable to tenants.
There is one parking bay allocated to each unit for convenience. The units are also pet-friendly for those tenants with fur babies looking for a new home!
There are also recreational areas, with the delightful Eden on the Bay, on Blouberg Beach, nearby the complex, offering a variety of different cuisines, as seen in the trendy restaurants. The Kapstadt Brauhaus, with delicious German dishes and craft beers, is worth a visit. The Fat Cactus is also a favourite with its chilli poppers, tacos, nachos and Texan burgers. For dessert or a treat, make sure to check out The Big Bay Waffle Company’s delicious waffles.
On Tuesday mornings at 9 am, locals can treat themselves to Free Prana Love Yoga classes on the beach at Big Bay Lawns, a big hit in the community! Many of the yoga attendees do an after-yoga cold dip in the Blouberg beach- a tradition set by the Yoga class instructor, Michael O’Rourke. He is also a mindfulness facilitator and holds yoga classes at his yoga studio in Table View.
Conclusion
Becoming an investor in a property security complex such as The Residence in Parklands North is a wise investment move that will reap rewards for years to come!
As an investor, you will receive a stable monthly rental income, high tenant demand and property that appreciates with time. This property for sale in a security complex in Cape Town offers modern aesthetics and a community feel for residents. The lifestyle for tenants found in the area surrounding this complex is unbeatable, with so much to see and do!
The eco-conscious aspects of The Residence, appeal to both the investors and the tenants, offering an environmentally responsible living environment. If you’re an investor looking for environmentally-conscious living spaces, secure transactions, and profitable future resale value, these units are an excellent investment choice!
Get in touch with an IGrow Property Investment Specialist, today to seal the deal on prime rental properties within secure, sought-after complexes in Cape Town.
