Monthly Archives: December 2003

Prime locations, great lifestyle, totally Cape Town

Posted by admin on December 14, 2003
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Leisure Group are property specialists in Cape Town with commercial, residential and retail properties throughout this beautiful city. With Table Mountain as a backdrop and the ocean at your doorstep it is real estate at its very best…

With over 40 years’ experience in property development in Cape Town, South Africa, Leisure Development have redefined the skyline of the tree lined streets of Wynberg and the Cape Town central business district.

Sound investment
Grand Central Wynberg is a 414 unit development and allows entry-level investors to be able to afford their own home or investment property in the heart of the bustling southern suburbs. With easy access to transport networks, shops, schools and the cultural hub of Maynardville Park, this development presented a perfect way to address the ever increasing shortage of housing in Cape Town.

The South African population is growing at a rapid pace and now you can take advantage of this economic growth and high rental demand within the country. ‘Six’ and the Fountains Hotel Suites provide investors with central business district locations and excellent rental returns. Investors can use their own units for holiday stays or rent them out as short or long-term rentals. In the Six and Grand Central developments investors can benefit from a 24-month guaranteed tenant with a return of between seven per cent and nine per cent; The Leisure Group will manage the tenant for you during this period. On the street levels, there are commercial spaces while the main tenant at Grand Central is a Zone Fitness Gym who have extremely affordable monthly membership fees. The residential sections of the blocks have views of the mountains all around, outdoor-cooking areas (braai or barbecue as they are known), laundries, 100 visitor parking bays and 24 hour security. Levies and rates in this blocks are low compared to the surrounding areas.

Prestigious properties
The Wynberg Chelsea area near Grand Central, has houses that are currently selling for R2.5 million, and these houses are six streets away from Grand Central. The development is close to schools such as Wynberg Girls and Boys and Springfield Girls (private school). Maynardville Park is a popular place for families to have picnics and for cultural events like Shakespeare in the Park, held in the outdoor amphitheatre during warm Cape Town summer evenings.

The prestigious Six development is five minutes away from the Cape Town Convention Centre and the Cape Town Waterfront. Boasting views of the harbour, castle and Table Mountain, they are only ten minutes’ drive from Camps Bay beach and are affordably positioned for a holiday apartment in the bustle of Cape Town tourist area. While viewing the current property market, you will notice that South African property prices are on the rise again, so now is the perfect opportunity to start your property portfolio while prices are still low. If you invest in the cheapest Grand Central Studio at R430,000 Vat Inclusive, with a rental guarantee of R3500 per month you will only need to contribute around R1000 (± £100) per month towards your bond and your tenant will be paying the rest. You can then sit back, relax and watch your capital value grow while the property market prices climb…