Is The View a good choice for property investment? Situated in Sunridge, Table View, this boutique apartment blog boasts just 15 exclusive, brand-new one- and two-bedroom apartments priced from R1,749,900. Its coastal location, lifestyle offering, and accessibility make it a worthwhile option for property investors seeking secure rental income and long-term wealth-generation potential.
Unveiling The View
The View is a premium development consisting of only 15 contemporary apartments in Sunridge, Table View, Cape Town. Occupation is scheduled from mid-2027. The complex offers modern aesthetics, easy access to amenities and a sought-after coastal location offering an idyllic lifestyle for tenants. You need to act fast as we only have 3 units left!
For IGrow investors considering The View property investment, the complex offers a window into owning a modern apartment in a well-regarded Cape Town neighbourhood. It has easy access to transport, shopping and outdoor recreational activities.
The units have open-plan interiors, spacious balconies, stylish interiors, built-in ovens and hobs, and washing machine connections. There is safe, access-controlled parking offered, with garage and storage choices too. Buyers can benefit from a five-year NHBRC warranty.
The coastal lifestyle on offer
Choosing your location is important when looking at buy-to-let apartments, and Table View offers both convenience and a wonderful lifestyle.
Blouberg Beach is a short drive away, appealing to outdoor enthusiasts who like dabbling in kite surfing, surfing, stand-up paddleboarding (SUP) and windsurfing. Also close by, Eden on the Bay is a popular beachfront lifestyle destination in Big Bay, Bloubergstrand. It has a super selection of restaurants, cafés, boutique shops and beautiful ocean views across the bay to Table Mountain and Robben Island. Favourite restaurants include Kapstadt Brauhaus, The Fat Cactus and for dessert, decadent waffles at The Big Bay Waffle Company.
You can hire surfboards, stand-up paddleboards (SUPs), wetsuits and kitesurfing equipment from Open Ocean at Eden on the Bay Shopping Centre. Open Ocean also offers SUP and kitesurfing lessons, so you can enjoy Cape Town’s outdoor lifestyle.
Tenants will also have access to Bayside Mall, Table Bay Mall, Flamingo Square Mall, excellent local schools, healthcare facilities and MyCiTi bus connections. Rietvlei Nature Reserve and coastal cycle routes offer additional lifestyle benefits.
These lifestyle amenities are appealing to working professionals, couples and active tenants seeking convenience and a coastal lifestyle near everyday essentials.
Development details
The View has a variety of apartment options:
- One-bedroom, one-bathroom units: priced from R1,749,900
- Two-bedroom, one-bathroom units: priced from R1,899,900
- Two-bedroom duplex units: priced from R2,599,900
There are gross rental yields of up to 8.34%, depending on the unit bought. These figures are projections; they aren’t guaranteed returns.
IGrow Rentals’ Rental Managers handle tenant management to keep property vacancies low, and your property’s day-to-day running will be smooth. We take the hassle of managing tenant admin and maintenance oversight off your hands so you have more free time to yourself.
“The strongest rental portfolios are not necessarily those achieving the highest annual escalations. They are the portfolios that consistently place quality tenants, maintain occupancy and minimise turnover. In many cases, reducing vacancy periods by a few weeks can have a greater impact on investor returns than securing a slightly higher rental increase.” (Source)
Also, to note, rental demand, investment property location and vacancy levels should be assessed when choosing a property to purchase.
For an IGrow investor, The View property investment is a worthy consideration alongside other property investment opportunities in South Africa, when you compare purchase prices, rental demand and ongoing property costs.
Understanding rental returns and deposit terms
The projected rental property yields should be considered alongside bond repayments, levies, municipal rates, insurance, maintenance and potential vacancy periods. The gross rental yields at this complex are up to 8.34%.
There is a R10,000 deposit to secure a unit, with zero bond and transfer fees, subject to conditions. Up to 100% home loan financing can be arranged through IGrow Home Loans’ bond originators. This is based on affordability and lender approval.
Grasping net rental property yields after expenses is essential before committing to a purchase. Gross rental yield and net yield are explored further in our handy blog post.
Could the Section 13 Sex Tax Allowance add value?
Qualifying investors may potentially optimise their tax situation via Section 13 sex of the Income Tax Act. This offers a potential deduction for qualifying new and unused residential units used for trade, such as rentals. Specific criteria apply, including a minimum portfolio of 5 qualifying residential units.
Investors should consult IGrow’s qualified tax consultants to determine if this deduction applies to their investment portfolio.
Final thoughts
If you’re looking into buy-to-let apartments as a central part of your investment strategy, The View offers modern design aesthetics, a stunning coastal lifestyle and secure rental income.
Act fast; we only have 3 units left at The View!
Speak to an IGrow Property Investment Strategist today to secure one of the remaining units.
Frequently Asked Questions
One-bedroom apartments start at R1,749,900, while two-bedroom options start at R1,899,900.
A R10,000 deposit secures a unit. Confirm the applicable terms with an IGrow investment consultant.
Yes, potentially, if they meet the legislation’s qualifying requirements. Obtain professional tax advice from our tax team to see if you meet the criteria for this deduction.
