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Rental assist exclusive to IGrow Investors

Muizenberg

Western Cape

Priced from

R899 900

Gross ROI

Up to 10.67%

Invest in sun, sea, sand and scenic views in Muizenberg

Upmarket lifestyle estate, inspired by village living

Priced from R899 900

One & Two Bedroom Apartments
Muizenberg, Western Cape
R36 000 Rental Assist To Investors

Experience picturesque Cape Town beaches in one of the fastest growing nodes in the city. 

Welcome to Ocean Terraces – overlooking the renowned white beaches and shimmering blue waters of Muizenberg, Cape Town. Its area is famed for scenic views, culture, and historical monuments. The surrounding beaches are known as the “birthplace of local surfing” with waves that reach extraordinary heights. In addition, the long stretch of colourful beachcombers changing huts are an iconic sight across the world. The beachfront stretches across the coastline and residents of Ocean Terraces will enjoy uninterrupted sunrise and sunset views of the bay. At night they can enjoy spectacular night-time sights from the lighthouses in False Bay, Cape Point, Roman Rock and Hangklip. In the vicinity, residents can visit cultural and historical landmarks such as the SA Police Museum, Natale Labia and Rhodes Cottage. You can also visit the second oldest building in the Cape, the Het Posthuys, which dates back to 1742. Restaurants and cafes in the surrounding area are in abundance and offers exceptional dining experiences. All of this is just a 30min drive from Cape Town, CBD, and is why Muizenberg has stayed the popular destination for home owners and tenants alike. Ocean Terraces offers the choice of one and two bedroom apartments – of which 80% has ocean views. Prices range between R899 900 and R1 249 900.

Location

There is also an easy access to all amenities adding to lifestyle convenience.

Travel
Cape Town CBD 26 km
Cape Town International 28 km
Cape Town Film Studios 25 km
Education
Muizenberg Junior School 2 km
Fishhoek High 10 km
Simons Town Navy Base 17 km
Recreation & Shopping
Nautilus Shopping centre 100m
Blue Route Mall 7 km
Checkers Muizenberg 3 km
Medical
False Bay Hospital 9 km
Muizenberg Medical Square 2 km
Marina Medical 2 km

Why Invest In Ocean Terraces

Market Comparison

Property Sales Value

Tenant payment profile

Payment trends of tenants who pay a monthly rental income

Investment benefits

Apartment Features

Development features

Comprehensive end-to-end rental management services

Site development plan & phases available

Unit Plans

Selling at

R1 049 900

Unit Type A – 2 bedroom, 1 bathroom

Unit size (excl. patio) – 55m²
One parking bay allocated to each apartment
Bond and transfer fees included

R36 000 rental assist
Estimated levy R1 987 p/m (including HOA)
Projected monthly rates average R356 p/m
Bond repayment @30yr, 7.75% – R7 522
Est. monthly shortfall  -R1,904
Projected rental income from R7 300 p/m

Selling at

R1 249 900

Unit Type B – 2 bedroom, 1 bathroom

Unit size (excl. patio) – 63m²
Two parking bays allocated to each apartment
Bond and transfer fees included

R36 000 rental assist
Estimated levy R2 100 p/m (including HOA)
Projected monthly rates average R451 p/m
Bond repayment @30yr, 7.75% – R8 954
Est. monthly shortfall -R3,103
Projected rental income from R7 800 p/m

Selling at

R1 199 900

Unit Type C – 2 bedroom, 1 bathroom

Unit size (excl. patio) – 58m²
Two parking bays allocated to each apartment
Bond and transfer fees included

R36 000 rental assist
Estimated levy R2 035 p/m (including HOA)
Projected monthly rates average R427 p/m
Bond repayment @30yr, 7.75% – R8 596
Est. monthly shortfall  -R2,921
Projected rental income from R7 500 p/m

Selling at

R899 900

Unit Type D – 1 bedroom, 1 bathroom

Unit size (excl. patio) – 42m²
One parking bay allocated to each apartment
Bond and transfer fees included

R36 000 rental assist
Estimated levy R1 778 p/m (including HOA)
Projected monthly rates average R285 p/m
Bond repayment @30yr, 7.75% – R6 447
Est. monthly shortfall  -R1,257
Projected rental income from R6 500 p/m

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 a valid mandate for the duration of the rental assist is signed with IGrow Rentals.

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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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