Kleinbos, Strand Flat / Apartment for sale / to buy

Strand apartments - Anything lower priced? Kleinbos, Strand, Western Cape, South Africa

Price: R365,000

The Villa Arnoldo / Four Seasons development offers convenience - due to its close proximity to the access routes to the Strand. This unit is priced competitively - good rental return on the investment, and its very low maintenance. This two bedroom unit rental income potential is between R2000 & R2200 per month - leaving you therefore with a 6,6 - 7,3% gross rental yield (before levy). The whole complex is geared around the concept of minimum maintenance. The apartment's interior is tiled throughout & has pre-paid electricity. The complex is built from facebrick, whilst the area between the 4 buildings comprising Four Seasons, is covered with tarmac for open parking bays. There are also no swimming pools, gardens or lawns to maintain. This development, whose first phase was called Villa Arnoldo, has done remarkably well in terms of capital growth. I sold (on mandate) the first 36 units in November 2003 for R159 000 (transfer costs included). The present levy is less than R7 / m - making it one of the developments with the lowest levy in the Helderberg - with a real prospect of remaining that way! The unit is allocated with one secure parking bay for its exclusive use. Strand Background Information : General : The Strand offers you the convenience of city-like amenities & a world-class beach area - without losing its small town characteristics. Located in the Helderberg basin on the eastern edge of False Bay, it is within 20 minutes of Cape Town International airport & 45 minutes from Cape Town's CBD. Within a radius of 10 kilometers, you will find a Regional Shopping Centre, a variety of sports facilities including 3 golf courses, choice of secondary and primary schools, top medical facilities with all national financial & commercial institutions represented. It has a population of about 50 000. It main attraction is its 5 kilometers long sandy white beach – with a variety of water sports such as surfing, sailing, power boating, kayak & paddle skiing, wind-surfing & board sailing being enjoyed at various points along the beach front. Strand was founded in 1714 as a fishing town by Cape Malay slaves. It has evolved during the last 3 decades into vibrant part of the Helderberg basin, with a healthy mixture of retirees, families, business people & a seasonal inflow of holiday goers flocking to one of South Africa’s prime seaside destinations. The coast between the Lourens River mouth up to Rooi Els is very popular with beach fishermen and rock anglers, whilst organised and social diving activities beckon the more adventurous. Property Market : Properties in the Strand varies between entry level apartments of +- R300 000 to beachfront penthouses of more than R10 million & sea front houses up to R14 million. The biggest property growth points as of late has been the choice of new developments on Beach Road which is springing up - raising comparatives with Monte Carlo. Limitation on development ground bodes well in the long term for any property investment in the Strand. Capital growth rates achieved in the Strand during the 2004/2005 upswing in the South African property market, surpassed the national average rate of 23% by far...... Entry level units started in 2003 @ R90 000 for a 30sq.m 1-bedroom apartment - selling at present from R310000. That is a growth of 244% in 3,5 years or about 70% per year! Beach front apartments were selling in 2003 from about R6000 per sq.m to about R9000 per sq.m. Finding any beachfront property for less than R12 000 per sq.m is at present problematic. New developments has already been selling during the last 18 months for between R18 000 and R30 000 per sq.m - depending on its finishes and the units location in the apartment block. The own title neighborhoods have of late seen a surge in renovations with owners adding value to their properties - fuelled by the price hikes experienced in the town. The more sought after suburbs such as Strand North, has experienced capital growth rates since 2003 of about 150 % (43% p.a.) - with the average house price raising from R450 000 to about R1,1 million. Affordability has during the last year became a problem in the Strand market, creating a "roll-over effect" of potential buyers to less expensive areas such a Kuilsrivier, Brackenfell and even Grabouw. The adjacent Gordons Bay has experience very similar capital growth rates than the Strand. Future growth points in the Strand property market is the so-called AECI development node across from the Somerset Mall. This will be the last land available for development - eagerly awaited by investors.

Property Facilities Kleinbos, Strand property

◊ Bedrooms: 2◊ Bathrooms: 1

◊ Laundry◊ Security◊ Living room◊ Kitchen

Contact Details Kleinbos, Strand property

Benhard Wiese Tel: 084 611 2293 to e-mail this agent   More properties by: Benhard Wiese   View all properties by: Cape Coastal Homes

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