ICONIC SHORT-TERM RENTAL APARTMENT HOTEL
PRICED
1 BEDROOM
FROM
R1 840 000
R125 000 RENTAL ASSIST
11,87% NETT RENTAL YIELDS
NO TRANSFER FEES | NO BOND REGISTRATION FEES
OWN FROM ONLY R18 573* | *CALCULATED AT 11.75% OVER 30 YEARS
R10 000 RESERVATION DEPOSIT
WHY INVEST IN BLACKBRICK GARDENS
Iconic short-term rental apartment hotel
Massive R125 000 rental assist to investors*
Non-resident owners have full access to Blackbrick Club nationwide
10 Free days* for hotel investors
15% off accommodation to owners across the Blackbrick network
Free access to facilities and work pods across the network
- Workspaces and Meeting Rooms
- Library
- Outdoor Cinema
- Rooftop Terrace
- Ground floor Courtyard Restaurant
- Wind-protected Swimming Pool
- Concierge Service
- Tech-enabled Secure Access
- Back-up Power to every apartment
Development Overview
Roodehek Street, Gardens, in the Cape Town City Bowl is the latest location
within our growing BlackBrick network.
BlackBrick Gardens is the conversion of a 1960’s industrial building
previously occupied by jewelry and hat makers into 89 apartments set
across six storeys overlooking Table Mountain, Lion’s Head, Devils Peak
and the city skyline.
By converting a building and utilising the existing structure, we ensure a
more sustainable approach to development. The facade has been pulled
back to allow for passive cooling and heating, reducing the operating
costs of the building.
Every BlackBrick building design is a response to the unique character of
the neighborhood. In the case of Gardens we have taken a white and
brick building and extended this language with 3 storeys above the
existing structure.
As comes standard in all BlackBrick buildings, our club facilities give the
community space to connect:
The Neighbourhood
Gardens is an urban neighborhood in Cape Town steeped in heritage, nestled on the footsteps of Table Mountain & Lion’s Head. Home to a young dynamic growing population, diverse restaurants, and artisanal shops – it has become a hub for the Capetonian creative economy. Housing film makers, record producers, advertising agencies, content creators, production companies and publishing houses. Gardens gives its community everything it needs to experience an integrated living and working environment punctuated by views of the city’s landmark mountain.
Roodehek On The Rise
Investing in BlackBrick Gardens is an investment into the next big neighborhood growth story. Our mix-used development forms part of a planned R1 billion precinct with multiple developers commiting to large scale projects across Roodehek Street.
THE PERFECT BUSINESS LOCATION
| Travel | |
|---|---|
| Cape Town International Airport | 19.8km |
| Bus route | 130m |
| Cape Town Main Train Station | 1.7km |
| N1/N2 Highway | 2.5km |
| Education | |
|---|---|
| UCT Hiddingh Campus (CBD) | 950m |
| Cape Town High Court | 1.2km |
| Good Hope Seminary High School | 140m |
| Cape Peninsula University of Technology | 1.8km |
| Recreation & Shopping | |
|---|---|
| V&A Waterfront | 4.5km |
| Cape Town International Convention Centre (CTICC) | 2.7km |
| The Company's Gardens | 900m |
| Gardens Rugby Club | 1.8km |
| Medical | |
|---|---|
| Mediclinic Cape Town | 1.5km |
| Netcare Christiaan Barnard Memorial | 3.3km |
| Clicks Gardens Shopping Centre | 500m |
| Booth Memorial Hospital | 1km |
Investment benefits
- Occupation from August 2024
- Limited short-term rental units available
- Modular-Made furniture packages included in price
- R125 000 rental assist to investors*
- Nett rental yields up to 11,87%
- Bond and transfer fees included
- Save up to R97 000 on transfer fees!
- No transfer duty payable
- Buy directly from the developer
- Up to 100% bond financing available
- Gross rental income projected from R35 000 pm
- Nett income after expenses from R17 500 pm
- Deduct up to R1 397 000 of the purchase price against taxable income through Section 13sex
- Non-resident owners have full access to Blackbrick Club nationwide
- 10 Free days* for hotel investors
- 15% off accomodation to owners across the Blackbrick network
- Free access to facilities and work pods across the network
- Rentals will be placed and managed for you
- Property tax strategies offered by IGrow Chartered Accountants
- Company & trust advice and setup through IGrow Trusts
- R10 000 reservation deposit required (refundable should financing not be approved)
Apartment Features
- Cape Town inspired Victorian row house-style apartments
- Award winning architects and interior designers
- Custom joinery options offered by Modular-Made
- Full short-stay furniture packs included
- Naturally airy and bright
- Views towards Table Mountain, Signal Hill and Devil's Peak
- Fibre ready apartments (activation excluded)
- Built-in electric oven and induction 2 plate hob
- LED light fittings
- Tiled throughout for low maintenance
- Centralised heat pump system - energy efficient
- Plumbing point for washing machine
- Spacious bathrooms with showers
- Smart water meters for accurate billing
- Pre-paid electrical meters
- Modern sanitary finishes
- Parking bay available to purchase
- Show unit available to view by arrangement
- 12 months guarantee on roof structures
- Building insurance covered by levy
DEVELOPMENT Features
- Complete backup power supply (generator)
- Terrace style apartments
- Workspaces and meeting rooms
- On-site library
- Outdoor cinema
- Cafe style restaurant (open to public)
- Rooftop garden terrace with bar facilities
- Wind-protected rooftop swimming pool
- Tech-enabled secure access control
- Wheelchair friendly with elevator facilities
- High-speed wifi
Investing in Blackbrick delivers great returns with two management solutions to choose from
Short-Term Letting Management
- To ensure smooth operations of the building, all short term letting is undertaken by BlackBrick.
- BlackBrick takes care of all marketing and logistics to do with short-term letting.
- At the end of the month, we deduct all of the expenses and the 15% BlackBrick management fee.
Net Yield for 2025 projected at 9%*.
Long-Term Letting Management
- BlackBrick offers a long-term (6-months plus) placement and letting management service on-site.
- You are not required to use BlackBrick, and you are able to self-manage or utilize external agencies at your discretion.
Net Yield for 2025 projected at 6%*.
*For projection purposes only
A Case Study
Foreshore, Cape Town CBD.
BlackBrick demonstrated market-leading success in 2022, outperforming both the Sandton and Cape Town markets in
occupancy numbers all while achieving increasing room rates as we accelerated through the post-Covid recovery phase.
UNIT TYPES
1 BEDROOM, 1 BATHROOM APARTMENT
Priced from
R1 840 000
Bond and transfer fees included
Full furniture package included
Investor rental assist* up to R125 000
Short-term rental management fee - 15% plus VAT
Unit size 33m2 – 35m2
External area 11m2 – 17m2
Projected gross monthly rental income from R35 000 p/m
Projected monthly bond repayment @30yr, 11.75% R18 573
Projected monthly levy R1 980
Projected monthly rates from R737
Est. monthly shortfall -R367
NETT MONTHLY RENTAL
(after water, electricity & management fee) R17 500
*Projected monthly bond repayment @30yr, 11.75%
Gallery
Pricelist
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IGrow makes no warranties, whether expressed or implied, in regard to the email, 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. Attorney and bond fees for transfer paid by Seller only where appointed attorney attends transfer. This may exclude buyers using bank facilities. Fees excluding any bank initiation fee, correspondent attorney fees and courier fees if applicable. *Rental assist only applicable where buyer signs a rental mandate with IGrow Rentals and or Blackbrick Members Club (Pty) Ltd for the duration of the rental assist offering. Rental assist not applicable on Airbnb or other short term letting other than Blackbrick Members Club. Tenant insurance may funded from Rental assist.
DEVELOPED BY INDUSTRY LEADERS
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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.