Langeberg Glen
Northern suburbs, Cape Town
Priced from
R1 359 000
Gross ROI
Up to 11.48%
Located in the prestigious Langeberg Glen
Two bedroom, one bathroom luxury apartments
Selling from R1,359,000
Langeberg Glen, bordering Durbanville, Cape Town
- Occupation early 2024
- 97% Tenant paying rate in area
- 14% Average capital growth p/a since 2013
- R70 320 rental assist to investors*
- No transfer duty
- No transfer and bond costs
- Save up to R72 000 in attorney fees
Introducing Oakleaf Place
An exclusive investment opportunity in the prestigious Langeberg Glen area of Cape Town's Northern Suburbs. These luxurious 2-bedroom, 1 bathroom apartments offer sophisticated yet cosmopolitan design, perfect for those seeking the ultimate in luxury living.
But that’s not all – with easy access to a host of amenities including shopping centres, gyms, schools, and healthcare facilities, Oakleaf Place offers unparalleled convenience for residents. Investors can take advantage of our special offer with bond and transfer fees included, as well as a 55% deduction against taxable income for those expanding their section 13sex investment portfolio.
Construction is set to begin in mid-2023, with the first occupants expected to move in early 2024. With only a limited number of units available, Oakleaf Place presents a unique opportunity for investors to maximize their capital growth and rental income. Don’t miss out on this exceptional investment opportunity. Invest in Oakleaf Place today and experience the pinnacle of luxurious living in the Northern Suburbs of Cape Town.
Location
| Travel | |
|---|---|
| N1 | 3km |
| Tygervalley business district | 11km |
| Cape Town International Airport | 23,5km |
| Education | |
|---|---|
| Curro - Durbanville Primary | 2km |
| Curro - Durbanville High School | 5km |
| Meridian Pinehurst | 2km |
| Recreation & Shopping | |
|---|---|
| Okavango Crossing | 500m |
| Cape Gate Shopping Centre | 2km |
| Virgin Active Okavango Crossing | 500m |
| Medical | |
|---|---|
| Medi-clinic Cape Gate | 1,8km |
| Medi-clinic Durbanville | 4,7km |
| Dis-Chem Parmacy Okavango Crossing | 500m |
97% Tenant paying rate in area
Payment trends of tenants who pay a monthly rental income
CAPITAL GROWTH STATISTICS
The below section provides you with an indication of the average yield in the area.
Investment benefits
- Occupation from early 2024
- 97% Tenant paying rate in area
- 14% Average capital growth p/a since 2013
- R70 320 rental assist to investors*
- Gross rental yields up to 10,88%
- Bond and transfer fees included
- Save up to R72 000 in transfer fees
- No transfer duty payable
- Buy directly from the developer
- Up to 100% bond financing available
- Rental income from R9 250 to R9 750 per month
- Deduct up to R769 450 of the purchase price against taxable income through Section 13sex
- IGrow Rentals will place and manage your tenant for you
- Property tax strategies offered by IGrow Chartered Accountants
- Company & trust advice and setup through IGrow Trusts
- R20 000 reservation deposit required (refundable should financing not be approved)
Apartment Features
- Spacious upmarket 2 bedroom, 1 bathroom apartments
- Built-in -braai's to spacious patio/balconies
- Exclusive use garden areas to all ground floor apartments
- Fibre installed to all units
- Front door security gate and burglar bars
- Washing machine/dishwasher point in kitchen
- Tiled throughout for low maintenance
- Built-in slimline oven with gas hob
- Granite kitchen countertops
- One full bathroom (Shower and bath)
- Clever site design with natural lighting
- Smart water meters
- 100 litre geyser to each apartment
- Pre-paid electrical meters
- Modern sanitary finishes
- One secured open parking bay per apartment
- 5 year NHBRC Warranty
- 12 months gaurantee on roof structures
- Building insurance covered by levy
Development features
- Views over Boland mountain range
- Walking distance to many amenities & shops
- On public transport routes
- Last opportunity to purchase in this high capital growth node
- Guardhouse facilities
- Ample visitors parking bays
- Fibre ready apartments
- Electric fencing on top of boundary wall
- Tiled roof coverings - less maintenance
- External geysers - easy access & maintenance
Comprehensive end-to-end rental management services
- In-house rental agents and managers
- Tenant vetting and placement services
- Rental collection services
- Ingoing and outgoing inspection services
- Maintenance services available
- Rental insurance available - secure your rental income
Site Development Plan
Unit plan
2 Bed, 1 Bath
Priced from: R1 359 000
- 2 bed
- 1 Bath
Bond and transfer fees included
Investor rental assist* R70 320
Average unit size 55m²
Projected rental income R9 250 to R9 750 p/m
Projected monthly bond repayment @30yr, 11,25% R13 718
Projected levy R1 400
Projected property rates R333
Est. year 1 monthly contribution: R4 334
Gallery
ALL IMAGES USED ARE FOR ILLUSTRATIVE PURPOSES ONLY AND ARE INTENDED TO CONVEY THE CONCEPT AND VISION FOR THE DEVELOPMENT/APARTMENTS/HOUSES. THEY ARE FOR GUIDANCE ONLY, MAY ALTER AS WORK PROGRESSES AND DO NOT NECESSARILY REPRESENT A TRUE AND ACCURATE DEPICTION OF THE FINISHED PRODUCT AND SPECIFICATIONS MAY VARY. FLOOR PLANS ARE INTENDED TO GIVE A GENERAL INDICATION OF THE PROPOSED LAYOUT ONLY. ALL IMAGES AND DIMENSIONS ARE NOT INTENDED TO FORM PART OF ANY CONTRACT OR WARRANTY.
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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 for the duration of the rental assist offering. Rental assist not applicable on Airbnb or short term letting. Tenant insurance funded from Rental assist.
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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.