Castle Rock - Residential apartments in Cape Town City Centre
Castle Rock Development - Zonnebloem.
Incredible opportunity - Affordable - Modern apartments with views.
Price includes VAT (no transfer duty) - Completion November 2019.
Situated near the mountainside and just five blocks from the rejuvenated Cape Town City Centre, it is clear why Castle Rock is cited as one of most prime and convenient new development locations. Cape Town International airport is just 20 minutes away, and the Atlantic Seaboard, Harbour, Waterfront and city congestion are a thing of the past. Should you need to shake off the stress of the working day, you can simply don some running shoes and jog straight from your apartment to Table Mountain's walking and running trails just 2kms away.
For parents with children looking to study in Cape Town, Castle Rock presents a convenient and prudent investment opportunity. Close to a number of tertiary institutions, students can move fluidly between their studies and the many cycling and walking trails that the mountain has to offer. When it's time for them to kick back and relax, there are a plethora of restaurants, bars and coffee shops for the young up-and-coming to enjoy, all within a 1 km radius of the development.
A rock solid investment!
Potential investors are assured of excellent returns on a development that is close to most major tourist attractions. Globally, history has shown that rejuvenated city centres offer significant capital growth, and Castle Rock is one such opportunity not to be missed. Current apartment sales within a 1km radius of Castle Rock are sold at R50,000 / sqm.
Utilising current trends and growth rates, below is the projected growth from inception in 2016 to delivery in 2018 on the purchase of a R2 million apartment:
- Deposit: R200,000
- Growth: At 15% growth per annum is R300,000 our initial R200,000 investment will be worth R800,000 upon transfer.
- Should you wish, you can thank the international tourist market, AirBnB offers further income opportunities.