Prime investment in Bellville, Cape Town
1 & 2 Bedroom Apartments in a great location

1 Old Oak, comprising of  71 units will be built in the  residential suburb of Oakglen. The site is situated close to R300 and Old Paarl Road, as well as Bellville primary and high schools, Pick n Pay Hypermarket and many medical facilities. 1 Old Oak is the perfect address  for tenants and primary residents wanting to reside near work.  Well-established services and mid-rise office blocks with large floor plates have offered opportunities to create high-density employment. Major institutions, such as the University of Stellenbosch, have invested heavily in campuses in Bellville making the are also well sought after by students.

INVEST IN 1 Old Oak | Bellville

Selling From

  • Occupation from mid-2021
  • Bond and transfer fees included
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Central Location

Close to many great amenities for families and students

Rental Income

Projected from R5 800 p/m for 1 bedroom apartments​

ROI

ROI up to 8.71%

Location Stats

Why invest in 1 Old Oak

The 2019 Lightstone Report (SA’s major reporting statistics platform) shows why Bellville is such a fantastic investment area:
2009
R 400000
Average apartment value
2019
R 815000
Average apartment value
Growth
103 %
or R415 000

Perfect Location for Tenants

Massive Rental demand in Bellville

Prices start from R799 000 – R1 099 000

The residential suburb of Oakglen Bellville is just 25 kilometres outside Cape Town. With it’s central location, it is ideal to visit the waterfront, the beachfront and surrounding winelands. Living in Bellville is convenient and ideal for families and visitors alike, as the Bellville CBD and various shopping centres are just around the corner. The area is well established, providing a safe and friendly atmosphere. Many young entrepreneurs, students and families live here, giving the area a balanced variety of residents. Many famous South African bands hail from Bellville, so it’s gained the nickname Bellville Rock City.

The area has also become well known for its health-care services. Tygerberg Hospital is the medical anchor. Last year the University of the Western Cape (UWC) opened a R244million state-of the art facility of community health sciences in the heart of the Bellville CBD, and in  July, the South African Medical Research Council also  launched a state-of-the-art genomics centre on UWC’s Bellville campus.

As a mature, accessible centre, Bellville, specifically the Voortrekker Road Corridor, is categorised by the co-existence of the old and new.

Well-established services and mid-rise office blocks with large floor plates have offered opportunities to create high-density employment.

The nicest thing about this area must be the fact that it is an affordable suburb to live in, but yet it has all the luxuries that you would need like great shopping malls.

Brackenfell Hypermarket
Sanlam Investment Management Belville
Area Overview

Location

List of nearest Facilities and Activities

Travel Distance
R300 Highway 1,1 km
Sarepta train station 1,6 km
Cape Town CBD 25,2 km
Medical Distance
MediCross Brackenfell 1.9 km
Mediclinic Cape Gate 6,3 km
MediCross Vredekloof 5.1 km
Education Distance
Bellville High School 1,8 km
Oakglen Day Care 1,2 km
Bellville Primary School 3.7 km
Cape Peninsula University of Technology 8.2 km
Shopping Centres Distance
Brackenfell Hypermarket 1.9 km
Tyger Valley Shopping Centre 3.8 km
SPAR Old Oak 0,9 km
Sanlam Centre 3,0 km
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Development Benefits

Why invest in 1 Old Oak

Investment Benefits
  • Gross ROI up to 8.71%
  • Transfer and bond fees included*
  • Rental income projected from R5 800 to R7 500 per month
  • Benefit from a 55% deduction through Section 13sex tax rebates
  • Up to 100% bond financing available
  • Tenant vetting and placement assistance through IGrow Rentals
  • Occupation from mid-2021
  • High rental demand
  • Secure complex – biometric access at all gates
Comprehensive End-to-End Rental Management
  • IGrow Rentals - our in-house rental managers
  • Tenant vetting & placement
  • Rental collection
  • Ingoing & outgoing inspections
  • Maintenance service available
Investment Overview
  • 55% deduction through through Tax 13Sex
  • Only pay first bond instalment on registration after occupation is tendered
  • R10 000 reservation deposit required to secure (refundable should finance not be approved)
R 1999 + p/m
Projected monthly rental income
R 999000
Apartments selling from

Choose your Unit

This development is well priced and positioned to add to your property portfolio.

Type A

2 bedroom, 1 bathroom

R 1 099 000
selling from
  • Unit Size - 50,2 sqm

Type B

2 bedroom, 1 bathroom

R 999 000
selling from
  • Unit size - 46,2 sqm

Type C

1 bedroom, 1 bathroom

R 799 000
sold out
  • Unit size - 32,3 sqm

Development Pictures

Gallery

Development Information

Documents

Information and Plans about the Development

1 Old Oak Disclaimer

IGrow makes no warranties, whether expressed or implied, in regard to the websites, contents, accuracy, financial projections and/or assumptions nor availability.
The User assumes all responsibility and risk for the use of the information and other material provided. IGrow shall not be liable for any loss, injury, damage, cost, penalty or claim resulting from the use of the materials or projections/assumptions, whether direct or indirect. The User indemnifies IGrow and holds it harmless against any and all liability, loss, damage, penalty, cost or claim of whatsoever nature suffered by any third party in relation to any act or omission by the User in relation to the information and the use thereof by the User. *Bond and attorney fees paid by Seller only where appointed attorney attends to registration and transfer. Fees excluding any bank initiation fee, correspondent attorney fees and courier fees if applicable.

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If you are considering an investment or a lock-up-and-go lifestyle opportunity, this development is ideal with the perfect location. Contact us today to assist you in acquiring one of these investment units.

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