Investment opportunity in Kuilsriver

Jawitz Properties Kuilsriver is pleased to announce the second phase of sales at Sandylands, one of the last pieces of land being developed for residential use in the Kuilsriver area.

Developed by Zevdevco on a large piece of land that used to have just one house, Sandylands retains its original name and once complete, will comprise of 132 apartments in three storey walk-ups. The second phase sees 18 units for sale which are mostly two-bedrooms, sized at 54m2 and priced from R729 000 including all transfer costs.

“Properties sold out in the first phase of development during 2009 and 2010 which made up more than half of the entire development. For those currently being rented out, R5500 per month is the average rental income,” says Herbie de Klerk of Jawitz Properties Kuilsriver. “These are attractive rental returns and we expect buyers will see the value for money at Sandylands as we launch the second phase.”

And demand is certainly there, even from buyers as far afield as the Middle East. “We’re getting a lot of interest from buyers based overseas. They see the investment potential here, particularly due to Sandylands’ location. It’s adjacent to Langverwacht Plein shopping centre where a brand new Woolworths store will open later this year, is closely located to the sought after Zevenwacht estates and is just a 10-15 minute drive from Stellenbosch,” de Klerk adds.

Properties offer a choice of modern finishes such as laminate or tiled flooring. Ground floor units have gardens while floors one and two enjoy ample light through sliding doors that open on to Juliet balconies.

Boasting all the trimmings of a security estate, Sandylands has 24-hour manned security and well-kept communal space. Both residential and visitor parking is provided.

In terms of tenant screening, the process is quite strict. “It’s very hands on and the screening process is tough, so buyers can be assured of quality tenants here,” de Klerk adds.

Kuilsriver is a buoyant market with plenty of demand for both buyers and tenants. Its centrality and the lifestyle that comes with living in Kuilsriver make it a sought after home, or investment destination.

“As soon as the second phase has sold at Sandylands, we will go into phases three and four which will each offer 12 units for sale, but these may be priced higher due to demand,” de Klerk concludes.

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