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CASTLE ROCK - 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 have achieved R50 000 m2 in the past 12 months.
LET’S TICK THE BOXES:
According to the 2016 Knight Frank Prime Global Cities Index, Cape Town was ranked no 3 globally, with 16% capital appreciation over the last 12 months.
Managed rentals in the holiday and corporate market typically generate a net rental return (after all costs) of between 6% - 10% annually. Given the current trends, it is reasonable to conclude that an investor could expect overall returns of 22% - 26% annually.
Coupled with the UDZ tax incentive program, Castle Rock is a Rock Solid investment.
CASTLE ROCK - CAPE TOWN - ON YOUR DOORSTEP
Falling in love with Cape Town is a given. From the crisp blue seawater and white sandy beaches, to sundowners on the top of Signal Hill, Cape Town is the embodiment of natural beauty. Add to this the infectious energy of a rejuvenated city centre, and there are few places on earth that rival this natural wonder of the world.
Castle Rock is a reflection of all these things, and with apartments from just R1.6 million, it offers competitive pricing to get into this sought-after property market.
It’s the effervescent laughter of local passers-by, and the cheerful banter resonating from street side cafés. It’s the shimmer of city lights overseeing the promise of a vibrant night life. It’s the breath-taking drama of Table Mountain with her hard-at-work cable car and winding trails. It’s 360° views of a reenergised city centre, interspersed with flashes of fynbos and the smell of fresh mountain air.
LIFE. ON YOUR DOORSTEP
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.
Young professionals and potential investors can saygoodbye to grid-locked traffic and ever elusive parking bays. Simply catch an Uber, hop on a bus or take aleisurely stroll into the city centre where the main train and bus station are situated.
It is no longer necessary to waste valuable work time - Cape Town International airport is just 20 minutes away, and the Atlantic seaboard, harbour, Waterfront and city congestion are a thing of the past. And 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. And 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.
For more information about CASTLE ROCK please contact Jonathan Kohler on 082 904 0739 or email jonathan@landsdowne.co.za.