Looking for a successful off-plan property to invest in? Waterkloof Park, in the upmarket suburb of Pretoria, ticks all the boxes:
Here are the top 7 reasons to invest in Waterkloof Park.
- Location
- Market conditions
- Developer reputation
- Project viability
- Financing
- Exit strategy
Location
Properties in desirable locations with strong potential for capital appreciation and rental income are the most likely to be successful investments.
Pretoria is often referred to as the Jacaranda City. The purple blooms line the streets of the country’s capital.
It isn’t just pretty though, Waterkloof’s strategically positioned suburb is close to an international airport, big box retailers and no less than three leading universities. The homes in the area are upmarket and the suburb is highly coveted.
Waterkloof Park is surrounded by some of the most enviable real estate in South Africa. The off-plan apartment development is bound to become a landmark address offering 2 and 3-bedroom units in one of Pretoria’s most upmarket, sought-after areas to live in.
Market conditions
Did you know that investing in off-plan developments in a growing market with steady economic growth, can increase the chances of financial success?
This year is for investors, where they need to act fast to take advantage of where the market is.
Market conditions and your timing are imperative. Right now, it’s a buyer’s market in places such as Pretoria, where the demand for good rentals is high and scarce. Investors will benefit from buying in new developments where modern convenience, security and location have proven to attract a strong market again and again.
Developer reputation
Investing in projects developed by reputable and experienced developers with a history of successfully completing projects can help ensure financial success.
Feenstra Group and Six4 Capital have brought together an experienced, trusted team to realise Waterkloof Park. The professionals associated with the development have proven knowledge of, and demonstrable experience in, all facets of the property market.
Feenstra Group’s Chairman, Pieter Feenstra has been active in the property market in South Africa for the last 30 years. The group specialises in strategic facilities management and inner-city accommodation with resounding success. Of high acclaim, Feenstra Group and Emira Property Fund launched The Bolton in Rosebank in 2019, after a successful 2-year development phase.
Project viability
Investing in projects that have a viable plan, and that are well thought out, with good design and specifications, can help ensure financial success.
With apartments from R1.8 million and a sharp focus on security, delivering that lock-up and go lifestyle, Waterkloof Park has been designed with the South African lifestyle in mind. The apartments are brand new and contemporary in style, taking into consideration work from home spaces, while being pet-friendly. There will be fibre in the units and parking bays provided.
The extreme load shedding experienced within South Africa has prompted the developers to innovate, adding back-up electricity and water supplies. Ahead of many residential developments, Waterkloof Park is a responsive development, in tune with the current market conditions and sought-after amenities of South Africans.
Financing
The advantage of buying off-plan is that payments can be planned.
There are no transfer duty payments at Waterkloof Park. The bond cost is included in the price. Meanwhile, the reservation fee is a low R20 000.
Remember, your bond payments only start once transfer has taken place. By this time, the value of the property would have appreciated.
Securing your bond now, means your payments remain fixed at today’s prices.
Exit strategy
Having a well-thought-out exit strategy, such as reselling the property or renting it out, can increase the chances of financial success.
Apartments at Waterkloof Park have considerable potential for profit due to the location, potential rental income, and new condition of the property.
For owners, it’s hassle-free and low risk. A brand-new property such as this will be well-maintained and in good condition.
Find out more by visiting www.waterkloofpark.co.za or contact a development consultant to talk through the finer details.
