The suburb of Salt River in Cape Town will soon welcome a selection of new micro apartments selling for surprisingly affordable amounts while offering unique living spaces.
Omega Real Estate in association with Out of the Box Developers has announced the launch of Salt, a development in Salt River comprising of 148 micro apartments – which are not just for students. Micro apartments usually measure between 29sqm and 32sqm, or the size of a large master bedroom in a more traditional home.
These brand new apartments are selling for just R799 999 with some more spacious options being pricier, and although they are small they are fully-equipped with a kitchen, bathroom and shower as well as two bedrooms.
Units range from 33.2sqm to 39.4sqm at R799 999 and R999 999 respectively. All 22 units situated on the ground floor are wheelchair-friendly.
The location is also perfect for those working in the CBD as it is right next to Cape Town’s business hub, with easy access to trendy Woodstock and the Southern Suburbs, too.
Salt is an attractive investment because of its urban energetic feel and laid-back street-café-like structure.
Salt River adds benefits for investors as well – being inside the Urban Development Zone (UDZ), investors will have opportunities to take advantage of UDZ Tax incentives.
Occupation is expected to take place from August 2020 and no transfer duty is required.
See the official listing here: www.omegarealestate.co.za
Unsure of what you qualify for? Contact Omega Real Estate for an affordability assessment.
Contact Donna on 074 153 2298 for more information or email [email protected]