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R4,823,926

Monthly Bond Repayment R42,629.55
Calculated over 20 years at 8.75% with no deposit. Change Assumptions

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INVESTMENT OPPORTUNITY

Asking Price: R4 194 719 Plus Vat. De Waterkant is a unique part of Cape Town, with a character and a charm all of its own. A transitional zone between the streets of the CBD and the green spaces of residential Green Point, between the slopes of Signal Hill and the V&A Waterfront, this compact, highly walkable little urban village is a veritable treasure trove of unexpected delights.

Its steep cobbled streets, pavement cafes and rows of terraced houses - some dating back as far as the 1790s - give it a very Continental feel, rather like parts of Lisbon or Florence. And, like Greenwich Village in New York or Hillcrest in San Diego, its flamboyant, bohemian atmosphere has long been associated with an alternative, art-loving, design-conscious community.

De Waterkant is so close to the Central City that you can easily walk or cycle to work there, while MyCiTi busses provide an efficient, affordable alternative. The area is also just a few minutes' walk from Cape Town's biggest attraction, the V&A Waterfront, with its dockside eateries, shiny shops, residential marinas and its new jewel, the Zeitz Museum of Contemporary Art Africa.

Travelling down Somerset Road away from the city centre will take you past the familiar shape of the Cape Town Stadium, to the wide open spaces of the Green Point Urban Park and the Metropolitan Golf Club, and to the Mouille Point and Sea Point Promenades - favourite places to stroll along the edge of the Atlantic Ocean.
But despite having all of these attractions so close by, the mixed-use nature of this historic neighborhood, richly endowed with coffee shops, al fresco eateries, fine dining restaurants, and a wonderful array of convenience and speciality retailers, art galleries, gyms, yoga studios and hair salons, mean that many residents have little need to leave the area on a daily basis.

Features

2
1
Interior
Bedrooms
2
Bathrooms
1
Kitchens
1
Reception Rooms
2
Exterior
Carports / Parkings
2
Security
Yes
Pool
Yes
Sizes
Floor Size
135m²
Extras
- Well priced at average of under R40 000 sqm (VAT included) inclusive of balconies. - No transfer duty. - 10% deposit with occupation mid 2020. - Secure parking and 24-hour concierge service. - Amazing views of Table Mountain, Signal Hill and V&A Waterfront. - Hi-speed fibre optic connectivity. - Floor-to-ceiling glass windows and sliding doors.

De Waterkant, De Waterkant

De Waterkant - New Town De Waterkant New Town is on the periphery of the older part of De Waterkant and consists of a mixture of modern apartments and commercial property with upmarket restaurants and design shops. Older properties in the area are constantly redeveloped into modern apartment blocks which is very popular with the proximity to the V&A; Waterfront and the city center. For...
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Disclaimer: While every effort will be made to ensure that the information contained within the Village n Life Realty website is accurate and up to date, Village n Life Realty makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

42,629.55

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