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Sea and Mountain View Apartments 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 SANDPIPER CLOSE SPURWING CIRCLE REFUSE EMBAYMENT ENTRY / EXIT ROOF TO FALL ERF 2132 ERF 2133 PARKING RAMP S A N D E R L I B C N R O A G M ROOF TO FALL A M I R SITE & ROOF PLAN U 1 A O R N E 1 : 400 A A A L OCEAN TERRACES D ERF 153589-RE (OPEN SPACE) NEW BADEN POWELL DRIVE 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 - 14 V - 6 UNIT 106UNIT V - 7 V - 13 V - 8 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 30 29 28 27 53 52 51 50 49 48 47 46 26 54 71 6 motorbike bays 25 55 70 72 24 56 69 73 23 57 68 74 22 58 67 75 21 59 66 76 20 60 65 77 19 61 64 18 62 63 17 1:6 Ramp 16 15 BASEMENT PARKING 6 motorbike bays 14 13 12 11 10 123456789 BASEMENT PLAN 1 1 : 250 OCEAN TERRACES VEHICLE ENTRY PEDESTRIANS GUARD 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 BALCONY 0 m² 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.
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