SEA AND MOUNTAIN VIEW APARTMENTS
Muizenberg, Cape Town 1- and 2-bedroom apartments Now selling from R849 900 to R1 199 900
IGrow Wealth Investments [email protected] Ocean Terraces
Muizenberg is bursting with culture and heritage. Historical buildings such as the SA Police Museum, Natale Labia, Rhodes Cottage and Het Posthuys (which dates back to 1742 and is one of the oldest buildings in South Africa) can be glimpsed from the coastal boardwalk between Muizenberg and Kalk Bay.
The Masque Theatre, on Main road, hosts a wide variety of live entertainment, while Palmer Street is the heart of the old village, with small colourful homes, organic shops and restaurants.
Ocean Terraces overlooks False Bay, and the Cape Point, Roman Rock and Hangklip lighthouses provide spectacular night-time sights. Watch sunsets and sunrises from your own private garden or balcony, thanks to the uninterrupted views over the bay.
2 OCEAN TERRACES - Muizenberg | IGrow Wealth Investments Why Ocean Terraces
INVESTMENT BENEFITS INVESTMENT OVERVIEW 55% 100% 3 Years 100% bond financing available at all the major — — — banks through IGrow Homeloans Benefit from a 55% Up to 100% bond IGrow Rental Assist to deduction through financing available the value of R31 320 Only pay first bond instalment on registration Section 13sex tax over 3 years after occupation is tendered rebates
Reservation deposit of only R35 000 required to Rental Assist to the value of R31 320 over 3 years secure (refundable should finance not be approved) Transfer and bond fees included*
Projected income from R78 000 per year (excluding Rental Assist) Apartments selling from: Close to a variety of excellent schools R849 900 Plenty of recreational amenities surrounding the area Rental income from: Occupation end - 2020
Strong rental demand for apartments in this R78 000 p/a neighbourhood
OCEAN TERRACES - Muizenberg | IGrow Wealth Investments 3 COMPREHENSIVE END-TO-END RENTAL MANAGEMENT
IGrow Rentals, our in-house rental managers Ingoing & outgoing inspections Tenant vetting & placement Maintenance service available Rental collection
MASSIVE TAX INCENTIVE FOR INVESTORS
Section 13sex of the Income Tax Act applies where 55% or more of the purchase price can be used as a deduction against the investor's income for tax purposes when purchasing five or more properties. Purchase five properties and enjoy 20 years of tax deductions through Section 13sex.
1 2 3 4 5 55% deduction through Section Tax deduction through 13sex tax rebates 20 Section 13sex tax rebates years
Visit our website for more information on this amazing tax incentive. purchasing five or more properties. www.igrow.co.za
4 OCEAN TERRACES - Muizenberg | IGrow Wealth Investments Why invest
The 2019 Lightstone Report (SA’s major reporting statistics platform) shows why Capricorn Beach, Muizenberg is such a fantastic investment area.
2010 2019 GROWTH EXPERIENCED R605 000 R1 200 000 99% AVERAGE APARTMENT VALUE AVERAGE APARTMENT VALUE OR R595 000
Sectional Schemes Freehold Vacant Land
Growth and Activity
Median price (R’000)
OCEAN TERRACES - Muizenberg | IGrow Wealth Investments 5
Sectional Schemes
Freehold
Vacant Land Important:The data used in Lightstone’s aggregated reports (Town, Suburb, Sectional Scheme and Estate reports) and market analysis tools reflect the trends in developed residential homes. Non-arm’s length, non-residential sales, potential vacant land sales, sectional title garage sales and extreme outliers have been removed in order to provide the most accurate indication of true developed home sales. Should you require the full list of transfers in an area with no exclusions, please refer to the Transfer Report.
Sales In Execution
Page 4 Location
On the coastal road of Baden Powell Drive, Ocean Terraces has uninterrupted views of False Bay, with its three lighthouses to the south, and the Hottentots Holland and Boland mountain ranges to the north-east.
Western Cape, Cape Town Amenities Leisure and Entertainment Muizenberg water slides and putt-putt 1.7km BLAAUWBERG Surfer’s Corner 2.3km Muizenberg train station 2.5km Silver Mine nature reserve 12km False Bay nature reserve 14km
NORTHERN SUBURBS Shopping
V&A WATERFRONT
CITY BOWL Checkers Muizenberg 2.7km ATLANTIC SEABOARD Blue Route Mall 7.4km
SOUTHERN SUBURBS CAPE FLATS Locations
HELDERBERG St James 4.3km MUIZENBERG Kalk Bay PENINSULA 5.2km Simon’s Town 18.2km Cape Town CBD 26.2km Cape Town airport 26.3km
Hospital False Bay hospital 9.2km
6 OCEAN TERRACES - Muizenberg | IGrow Wealth Investments Aerial Location
Kalk Bay Cape Town CBD Blue Route Mall
Surfer's Corner
Muizenberg Water Slides
Muizenberg Beach
OCEAN TERRACES
OCEAN TERRACES - Muizenberg | IGrow Wealth Investments 7
Imagery ©2019 Google, Map data ©2019 AfriGIS (Pty) Ltd 100 m Amenities
Sights and activities in the Capricorn Beach and Muizenberg area.
Water Slides Surfer’s Corner
Silvermine Nature Reserve Muizenberg Beach
8 OCEAN TERRACES - Muizenberg | IGrow Wealth Investments Features
Engineered stone counter tops in kitchen Under-counter oven and counter top hob Vinyl flooring throughout – easy maintenance Routers and smart tv boxes installed with fibre DStv over fibre points installed Pre-paid electricity meters Metered water systems to each unit Basement parking bays Perimeter wall with electric fencing
CAPRICORN BEACH SECURITY ENCLAVE
24-hour patrolling security and surveillance Choice of 5 swimming pools Close to all amenities Biometric access control
OCEAN TERRACES - Muizenberg | IGrow Wealth Investments 9 OCEAN TERRACES Site layout
SANDPIPER CLOSE SPURWING CIRCLE
UNIT TYPE UNIT TYPE UNIT TYPE UNIT TYPE LEGEND B A A A
Unit type A
UNIT TYPE Unit type B C Unit type C SANDERLING ROAD
UNIT TYPE Unit type D D
UNIT TYPE D
UNIT TYPE D
UNIT TYPE C
UNIT TYPE UNIT TYPE UNIT TYPE UNIT TYPE B A A A
NEW BADEN POWELL DRIVE
10 OCEAN TERRACES - Muizenberg | IGrow Wealth Investments
Imagery ©2019 Google, Map data ©2019 AfriGIS (Pty) Ltd 100 m
E
V
I
R
D
L
L
E
) W
E
O
E
C P
R
-
L A N
A 9
UN P 8
M E
M A S
O E 5
C AR D 3
I N
A A
RA 5
B E B
1
P
F
O W
(
R
E P
E M
N
A
R
L
L
A
T
F
I
X
O
E
T
G
/
3
N
F
I
Y
O
K
3
R
O R T
1 R A
N
P
E
2
F
R
E
L
L
T A
F
N
E
E O
M
T
L
Y
F
C A
O
B
R
O
I M
R
E
C
E
S
G
U
N F
I
E
R
W AD
R RO
U ING
P RL S DE
SAN
2
3
1
2
F
R
E
E
S
O
L
C
R
E
P
I
P
D
N
A S SITE PLAN ROOF & : 1 400 1 OCEAN TERRACES OCEAN UNIT TYPE A
UNIT TYPE B REFUSE EMBAYMENT
UNIT TYPE C UNIT 103 UNIT 102 UNIT 101 ENTRY / EXIT
GUARD UNIT TYPE D SERVICES
REFUSE
UNIT 104UNIT V - 2 1
V - 3
V - 4 UNIT 105UNIT V - 5
V - 6
V - 7 V - 14 UNIT 106UNIT V - 8
V - 13
V - 12 UNIT 107UNIT
V - 9 V - 10 V - 11 UNIT 108UNIT
COMMUNAL BRAAI AREA
UNIT 109 UNIT 110 UNIT 111 UNIT 112 GROUND STOREY PLAN 1 1 : 250
OCEAN TERRACES UNIT TYPE A
UNIT TYPE B
UNIT TYPE C UNIT 204 UNIT 203 UNIT 202 UNIT 201
UNIT TYPE D UNIT 205UNIT UNIT 206UNIT UNIT 207UNIT UNIT 208UNIT UNIT 209UNIT
UNIT 210 UNIT 211 UNIT 212 UNIT 213 FIRST STOREY PLAN 1 1 : 250
OCEAN TERRACES UNIT TYPE A
UNIT TYPE B
UNIT TYPE C UNIT 304 UNIT 303 UNIT 302 UNIT 301
UNIT TYPE D UNIT 305UNIT UNIT 306UNIT UNIT 307UNIT UNIT 308UNIT UNIT 309UNIT
UNIT 310 UNIT 311 UNIT 312 UNIT 313 SECOND STOREY PLAN 1 1 : 250
OCEAN TERRACES UNIT TYPE A
UNIT TYPE B
UNIT TYPE C UNIT 404 UNIT 403 UNIT 402 UNIT 401
UNIT TYPE D UNIT 405UNIT UNIT 406UNIT UNIT 407UNIT UNIT 408UNIT UNIT 409UNIT
UNIT 410 UNIT 411 UNIT 412 UNIT 413 THIRD STOREY PLAN 1 1 : 250
OCEAN TERRACES 32 33 34 35 36 37 38 39 40 41 42 43 44 45
31
53 52 51 50 49 48 47 46
71 6 motorbike bays 30
29
28 54
27 55
26 56
25 57 72 24 58 73 23 59 74 22 60 70 75 21 61 69 76 20 62 68 19 67 18
66 1:6 Ramp 17
65 16
64 15 BASEMENT PARKING
63 6 motorbike bays 77
14 13 12 11 10 123456789 BASEMENT PLAN 1 1 : 250
OCEAN TERRACES VEHICLE ENTRY PEDESTRIANSGUARD HOUSE NORTH ELEVATION 1 1 : 200
COMMUNAL BRAAI AREA
SOUTH ELEVATION 2 1 : 200
OCEAN TERRACES Unit Types (Plans)
Bedroom 2 Kitchen Bathroom
Living Bedroom 2 Bedroom 1
Kitchen
Bathroom
Living Balcony
Balcony Bedroom 1
A B
R995 900 R1 199 900
Unit area - 55m2 Unit area - 63m2 2 bedrooms 2 bedrooms 1 bathroom 1 bathroom
OCEAN TERRACES - Muizenberg | IGrow Wealth Investments 11 Unit Types (Plans)
Bathroom Kitchen Bathroom
Bedroom 2 Living Kitchen Bedroom
Living
Bedroom 1
Balcony
C D
R1 149 900 R849 900
Unit area - 58m2 Unit area - 42m2 2 bedrooms 1 bedroom 1 bathroom 1 bathroom
12 OCEAN TERRACES - Muizenberg | IGrow Wealth Investments UNIT TYPE A
2 BED / 1 BATH
UNIT 50.3 m²
BALCONY 4.5 m²
TOTAL 54.8 m²
ALL MEASUREMENTS AS PER SECTIONAL TITLE GUIDELINES
BATH 4 m² KITCHEN & DINING 8 m²
BEDROOM 2 9 m²
BEDROOM 1 11 m²
LIVING 12 m²
BALCONY 4 m²
UNIT TYPE A 1 1 : 50
OCEAN TERRACES UNIT TYPE B
2 BED / 1 BATH
UNIT 58.2 m²
BALCONY 4.2 m²
TOTAL 62.4 m² KITCHEN & DINING 11 m² ALL MEASUREMENTS AS PER SECTIONAL TITLE GUIDELINES
BALCONY LIVING 4 m² 16 m²
BEDROOM 1 BEDROOM 2 11 m² 9 m²
BATH 4 m²
UNIT TYPE B 1 1 : 50
OCEAN TERRACES UNIT TYPE C
2 BED / 1 BATH
UNIT 53.8 m²
BALCONY 4.1 m²
TOTAL 57.9 m²
ALL MEASUREMENTS AS PER SECTIONAL TITLE GUIDELINES
BALCONY BEDROOM 1 BEDROOM 2 4 m² 10 m² 9 m²
BATH 4 m²
LIVING 13 m²
KITCHEN & DINING 11 m²
UNIT TYPE C 1 1 : 50
OCEAN TERRACES UNIT TYPE D
1 BED / 1 BATH
UNIT 41.7 m² 0 m² BALCONY
TOTAL 41.7 m²
ALL MEASUREMENTS AS PER SECTIONAL TITLE GUIDELINES
KITCHEN 12 m²
LIVING & DINING 13 m²
BEDROOM 8 m² BATH 3 m²
UNIT TYPE D 1 1 : 50
OCEAN TERRACES Get in Touch
IGrow Wealth is a property investment company which assists property investors to achieve financial independence by building lasting wealth through high-performing property portfolios.
Contact us for more information: [email protected] CAPE TOWN: +27 (0)21 979 2501 PRETORIA: +27 (0)12 943 0201
IGrow makes no warranties, whether express or implied, in regard to the Websites, their contents, accuracy or availability. The information contained in this communication is based on research conducted by or supplied to IGrow. While every care is taken by IGrow to ensure accuracy, IGrow cannot warrant the correctness of this information.
*Bond and attorney fees paid by Seller only where appointed attorney attends to registration and transfer. Fees excluding any bank initiation fee, correspondent attorney fees and couri- er fees if applicable. OCEAN TERRACES - Muizenberg | IGrow Wealth Investments 13