Situated near the mountainside and just five blocks from the rejuvenated Cape Town city centre, it is clear why Castle Rock is cited as one of most prime and convenient new development locations.
Young professionals and potential investors can say goodbye to grid-locked traffic and ever elusive parking bays. Simply catch an Uber, hop on a bus or take a leisurely stroll into the city centre where the main train and bus station are situated.
From just R1.6 million (INCL: TRANSFER FEES & VAT), it offers an opportunity to get into this sought-after property market.
It is no longer necessary to waste valuable work time – Cape Town International airport is just 20 minutes away, and the Atlantic seaboard, harbour, Waterfront and city congestion are a thing of the past. And should you need to shake off the stress of the working day, you can simply don some running shoes and jog straight from your apartment to Table Mountain’s walking and running trails just 2kms away.
For parents with children looking to study in Cape Town, Castle Rock presents a convenient and prudent investment opportunity. Close to a number of tertiary institutions, students can move fluidly between their studies and the many cycling and walking trails that the mountain has to offer. And when it’s time for them to kick back and relax, there are a plethora of restaurants, bars and coffee shops for the young up-and-coming to enjoy, all within a 1 km radius of the development.
1. GREEN MARKET SQUARE: 1.7 km (10 min)
2. BREE STREET: 1.9 km (9 mins)
3. TABLE MOUNTAIN NATIONAL PARK CYCLING: 2.1 km (8 mins)
4. TABLE MOUNTAIN CABLEWAY: 6.6km (17 mins)
5. CAMPS BAY BEACH VICTORIA ROAD: 7.4 km (16 mins)
6. HOUTBAY: 23 km (31 mins)
7. ROUTE TO OLD BISCUIT MILL: 2.9km (9 mins)
8. TWO OCEANS AQUARIUM WATERFRONT: 3.9km (11 mins)
9. GREEN POINT STADIUM: 4.2km (12 mins)
10. CAPE TOWN ICC: 1.9km (5mins)
11. ROUTE TO RATANGA JUNCTION: 9.2km (10 mins)
12. ROUTE TO NEWLANDS RUGBY STADIUM: 9.5km (16 mins)
13. ROUTE TO UCT: 5.7 km (8 mins)
14. CAPE TECHNICON: 270m
15. CAPE TOWN INTERNATIONAL AIRPORT: 17.2 km (16 mins)
16. LIONS HEAD: 5km (15 mins)
Potential investors are assured of excellent returns on a development that is close to most major tourist attractions. Globally, history has shown that rejuvenated city centres offer significant capital growth, and Castle Rock is one such opportunity not to be missed.
Price Range: From R1.6million – R3.75million (INCL. VAT). NO TRANSFER FEES, but excludes attorney and bond costs.
Current apartment sales within a 1km radius of Castle Rock have achieved R50 000 m2 in the past 12 months.
NEAR TABLE MOUNTAIN AND CITY CENTRE
BALCONIES WITH SPECTACULAR VIEWS
QUICK ACCESS TO PUBLIC TRANSPORT & AIRPORT
EXCELLENT 24 HR SECURITY
NO TRANFER DUTIES
HIGH INVESTMENT RETURN
ENTRY INTO CAPE TOWN PROPERTY MARKET
SMEG KITCHEN APPLIANCES
NATURAL STONE SURFACES IN KITCHEN AND BATHROOMS
According to the 2016 Knight Frank Prime Global Cities Index, Cape Town was ranked no 3 globally, with 16% capital appreciation over the last 12 months.
Managed rentals in the holiday and corporate market typically generate a net rental return (after all costs) of between 6% – 10% annually. Given the current trends, it is reasonable to conclude that an investor could expect overall returns of 22% – 26% annually.
Coupled with the UDZ tax incentive program, Castle Rock is a Rock Solid investment.
EXPECTED OCCUPATION DATE: Last Quarter 2018
At Castle Rock we’ve paid attention to detail with natural stone surfaces in the kitchen and bathroom and Smeg kitchen appliances.
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