select
|

Buyers snap up “last chance” value properties at Robyndale

The first phase of Robyndale – Signatura’s top-notch apartments in the heart of vibrant Upper Kenilworth – is 80% sold out after launching less than six months ago. And South Africa’s first private-label property group is predicting an above-average capital appreciation of those apartments in the next 12 months, saying they are very optimistic about the general housing market in Cape Town.
 
“There is simply nothing in the area that provides similar value to that achieved at Robyndale without sacrificing desirable amenities such as a private swimming pool, luxury pergola and outdoor entertainment area, an open policy for pets, a Manhattan-style concierge and – above all – high-tech, fully automated security,” says Signatura founder and property guru John Rabie.
 
“Currently, investors in Robyndale are seeing a great rental yield of around 7 to 8%, about double what they could achieve in the City Bowl or along the Atlantic Seaboard.
“We are also optimistic about achieving capital appreciation of these current apartments above the current norm based on the current selling prices, which buyers can choose to have renovated or not as part of the selling options.”
 
Units start at R1.15-million for a two-bedroom (incl VAT) and range to R1.35m for a three-bedroom.
“We have less than a dozen apartments in the first phase still available,” says Rabie.
 
Construction on the second phase of Robyndale will begin in June and will consist of five from-scratch two-bed, two-bath apartments that will start at R1.9-million.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 24 Nov 2017
      Demand for secure estate living in Hout Bay has risen sharply in recent years, precipitating a spike in development with estate homes now accounting for 20.24% of the property landscape with the launch of an exclusive new gated development on 26 November adding 20 more units to the existing 1250 estate homes.
    • 24 Nov 2017
      There are some things that money can’t buy – spectacular views from Mouille Point to the V&A Waterfront and a trendy and lively neighbourhood that encapsulates the very best of the Cape Town lifestyle.
    • 24 Nov 2017
      Tshwane’s four-bedroom Mayoral mansion, nestled among ambassadorial residences in the upmarket suburb of Muckleneuk, fetched R5.1 million after spirited bidding at High Street Auctions’ final sale of the year.
    • 23 Nov 2017
      Reserve Bank Governor, Lesetja Kganyago, said that the Monetary Policy Committee had once again decided to let the interest rates remain unchanged with the repo rate at 6.75%, and the prime lending rate at 10.25%.
    • 23 Nov 2017
      As the holiday season approaches, most of us are counting the days until that year-end bonus hits our account. There’s nothing quite like a little bank balance booster to get us in the holiday spirit.
    • 23 Nov 2017
      The Adelphi Centre (now entitled “ARTEM") in Sea Point, Cape Town, is being extensively renovated, and once complete will offer an ultra-luxurious galleria style shopping centre unlike any other seen on the Atlantic Seaboard or in Cape Town.
    • 23 Nov 2017
      If you are looking to sell your home in today’s real estate market, there are certain things that you need to include both inside and outside your house. Today’s generation of home buyers is looking toward a more eco-friendly, energy and water conscious home, and if your house stands out then you are more likely to be able to sell it.
    • 22 Nov 2017
      Most people know of the Community Schemes Ombud Service (CSOS) and that levies must to paid to fund its operations. In this article the experts at Paddocks will address some of the issues that are causing confusion.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK