Ocean Terraces - Secure residential estate in Capricorn Beach, Muizenberg
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.
Investment benefits:
- Occupation from end 2022
- Deduct up to R687,445 against taxable income through Section 13sex tax incentives*
- Gross rental yields up to 10.67%
- Bond and transfer fees included - save up to R63,000 in fees!
- Rental assist of R36,000
- Choose between one and two bedroom apartments
- Up to 100% bond financing available - even for second time buyers
- Buy directly from the developer
- Tenant insurance offered - secure your rental income
- No transfer duty payable
- Property tax strategies offered by IGrow Chartered Accountants
- Company & trust advice and setup through IGrow Trusts
- Only R10,000 reservation deposit (refundable should your bond not be approved)
Apartment Features
- Access controlled with patrolling guards in the area
- CCTV monitoring
- Secure on-site parking
- Unit types A and D - 1 parking bay
- Unit types B & C - 2 parking bays
- Waterwise landscaping
- Aluminium window frames
- Vinyl or ceramic tile floor options
- Built-in oven and hob to kitchen
- Engineered stone kitchen worktops
- Prepaid electrical meters
- Water meters for accurate billing
- Fibre ready
- Built-in cupboards in bedrooms and kitchen
- Washing machine/dishwasher point in kitchen
- 80% of apartments have ocean views
- 5 year NHBRC warranty
