R 1 840 000 | 1 bed property for sale in gardens

NO TRANSFER OR NO BOND REGISTRATION FEES OWN FROM ONLY R18 573* *CALCULATED AT 11.75% OVER 30 YEARS R10 000 RESERVATION DEPOSIT WHY INVEST IN BLACKBRICK GARDENS Iconic short-term rental apartment hotel Massive R125 000 rental assist to investors* Non-resident owners have full access to Blackbrick Club nationwide 10 Free days* for hotel investors 15% off accommodation to owners across the BlackBrick network Free access to facilities and work pods across the network DEVELOPMENT OVERVIEW Roodehek Street, Gardens, in the Cape Town City Bowl is the latest location within our growing BlackBrick network. BlackBrick Gardens is the conversion of a 1960's industrial building previously occupied by jewelry and hat makers into 89 apartments set across six storeys overlooking Table Mountain, Lion's Head, Devils Peak and the city skyline. By converting a building and utilising the existing structure, we ensure a more sustainable approach to development. The facade has been pulled back to allow for passive cooling and heating, reducing the operating costs of the building. Every BlackBrick building design is a response to the unique character of the neighborhood. In the case of Gardens we have taken a white and brick building and extended this language with 3 storeys above the existing structure. As comes standard in all BlackBrick buildings, our club facilities give the community space to connect: - Workspaces and Meeting Rooms - Library - Outdoor Cinema - Rooftop Terrace - Ground floor Courtyard Restaurant - Wind-protected Swimming Pool - Concierge Service - Tech-enabled Secure Access - Back-up Power to every apartment INVESTING IN BLACKBRICK DELIVERS GREAT RETURNS WITH TWO MANAGEMENT SOLUTIONS TO CHOOSE FROM: Short-Term Letting Management: To ensure smooth operations of the building, all short term letting is undertaken by BlackBrick. BlackBrick takes care of all marketing and logistics to do with short-term letting. At the end of the month, we deduct all of the expenses and the 15% BlackBrick management fee. Net Yield for 2025 projected at 9%*. Long-Term Letting Management: BlackBrick offers a long-term (6-months plus) placement and letting management service on-site. You are not required to use BlackBrick, and you are able to self-manage or utilize external agencies at your discretion. Net Yield for 2025 projected at 6%*. THE NEIGHBOURHOOD Gardens is an urban neighborhood in Cape Town steeped in heritage, nestled on the footsteps of Table Mountain & Lion's Head. Home to a young dynamic growing population, diverse restaurants, and artisanal shops - it has become a hub for the Capetonian creative economy. Housing film makers, record producers, advertising agencies, content creators, production companies and publishing houses. Gardens gives its community everything it needs to experience an integrated living and working environment punctuated by views of the city's landmark mountain. ROODEHEK ON THE RISE Investing in BlackBrick Gardens is an investment into the next big neighborhood growth story. Our mix-used development forms part of a planned R1 billion precinct with multiple developers commiting to large scale projects across Roodehek Street. INVESTMENT BENEFITS Occupation from August 2024 Limited short-term rental units available Modular-Made furniture packages included in price R125 000 rental assist to investors* Nett rental yields up to 11,87% Bond and transfer fees included Save up to R97 000 on transfer fees! No transfer duty payable Buy directly from the developer Up to 100% bond financing available Gross rental income projected from R35 000 pm Nett income after expenses from R17 500 pm Deduct up to R1 397 000 of the purchase price against taxable income through Section 13sex Non-resident owners have full access to Blackbrick Club nationwide 10 Free days* for hotel investors 15% off accomodation to owners across the Blackbrick network Free access to facilities and work pods across the network Rentals will be placed and managed for you Property tax strategies offered by IGrow Chartered Accountants Company & trust advice and setup through IGrow Trusts R10 000 reservation deposit required (refundable should financing not be approved) APARTMENT FEATURES Cape Town inspired Victorian row house-style apartments Award winning architects and interior designers Custom joinery options offered by Modular-Made Full short-stay furniture packs included Naturally airy and bright Views towards Table Mountain, Signal Hill and Devil's Peak Fibre ready apartments (activation excluded) Built-in electric oven and induction 2 plate hob LED light fittings Tiled throughout for low maintenance Centralised heat pump system - energy efficient Plumbing point for washing machine Spacious bathrooms with showers Smart water meters for accurate billing Pre-paid electrical meters Modern sanitary finishes Parking bay available to purchase Show unit available to view by arrangement 12 months guarantee on roof structures Building insurance covered by levy DEVELOPMENT FEATURES Complete backup power supply (generator) Terrace style apartments Workspaces and meeting rooms On-site library Outdoor cinema Cafe style restaurant (open to public) Rooftop garden terrace with bar facilities Wind-protected rooftop swimming pool Tech-enabled secure access control Wheelchair friendly with elevator facilities High-speed wifi *For projection purposes only