New Release Investment Units with a 12 Month Rental Guarantee!
Due to popular demand for our expertly designed micro and one-bed apartments, we’ve just released an extremely limited amount of units onto the market, backed by our industry-first, 12-month Rental Guarantee.
NEW RELEASE INCLUDES:
Micro Apartments from R1,4million *ONE LEFT
One Beds from R2,1million
*T&Cs apply. The prices above include the conditional R200 000 discount.
A New Horizon
Newlands Peak is a state-of-the-art residential development located in Newlands, Cape Town by highly-acclaimed Rawson Developers that promises to breathe vibrant energy into a suburb steeped with a rich history and tree-lined streets.
Already 70% Sold!
Simply logon to the price list to browse and secure your favourite unit. We invite you to discuss the options with our sales team and let us assist you in selecting your preferred apartment/s.
The anticipated completion date is 2023.
Gallery
Development Highlights
Features Include
- 11 Storey luxury apartment block
- Secure undercover parking
- 8 floors of apartments including:
- Ground floor garden apartments
- 2 floors of penthouse apartments
- Rooftop deck with 2 heated swimming pools
- Top floor state-of-the-art fitness centre
- High speed fibre connectivity
- Luxurious foyer & concierge
- 24-hour security
- Premium coffee shop & restaurant
- Landscaped atrium with seating & WiFi
- Drop & go laundromat
- Pet friendly
Features Include
- 11 Storey luxury apartment block
- Secure under cover parking
- 8 floors of apartments including:
- Ground floor garden apartments
- 2 floors of penthouse apartments
- Rooftop deck with 2 heated swimming pools
- Top floor state-of-the-art fitness centre
- High speed fibre connectivity
- Luxurious foyer and concierge
- 24 hour security
- Premium coffee shop & restaurant
- Landscaped atrium with seating & WiFi
- Drop & go laundromat
- Pet friendly
Apartment Types
Studio
Total Size 38m2 – 47m2
Priced from R2,125million
Premium One Bedroom
Total Size 66m2 – 72m2
Priced from R3,05million
Two Bedroom, Two Bathroom
Total Size 80m2 – 104m2
Priced from R3,5million
Premium Two Bedroom, Two Bathroom
Total Size 100m2 – 138m2
Priced from R4,225million
Three Bedroom Luxury Penthouses
Total Size 141m2 – 192m2
Priced from R6,3million
”Newlands Peak is an iconic oasis where expansive views and world-class amenities connect residents to a life of style.
The Location
Tax incentives for savvy investors
Investors still have access to powerful tax incentives, including the popular Section 13sex of the Income Tax Act No 58 of 1962.
Section 13sex enables any taxpayer who owns five or more new, residential rental units to claim up to 55% of the purchase price back from SARS via a 5% per annum depreciation allowance. The incentive kicks in as soon as the investor takes ownership of their fifth brand-new unit and can be carefully leveraged to get a portfolio cash-flow positive without paying SARS a cent.
Early investors who buy 5 units can benefit from not only these huge tax savings but also a saving of R1million off the total purchase price and guaranteed rentals for the first year. *T&C’s Apply
Newlands Peak Example:
- Purchase five units at R1,5 million each = R7,5 million
- Discount = R1 million (R200 000 per unit)
- Final purchase price = R6,5 million
5% of the purchase price may be used as a tax deduction (tax write-off) every year.
The amount you may write off is limited to 55% of the acquisition price of the residential units.
This works out to a tax deduction (tax write-off) of R178 750 per year for 20 years.
The amount you may write off is limited to 55% of the acquisition price of the residential units.
This works out to a tax deduction (tax write-off) of R178 750 per year for 20 years.
CONTACT OUR SALES TEAM
The following criteria apply:
- The taxpayer must own at least 5 residential units. A residential unit refers to a building or self-contained apartment, mainly used for residential accommodation with the exclusion of structures used for business purposes, for example, hotels.
- All units must be situated in South Africa.
- Residential units must be new and unused. (For example, buyers of flats that had previously been occupied would not qualify for this incentive.)
- The units must be used solely for the purpose of trade (i.e. residential letting). This prevents housing claims for personal use.
Tax deductions
While primary residences offer few tax benefits to owners, investment properties can be an excellent tax-deductible addition to a portfolio. All expenses relating to an investment property – including bond interest, management fees, municipal rates, body corporate levies, repairs, maintenance, insurance, and more – are tax-deductible.
As an added bonus, any losses are not ring-fenced, In other words, if the expenses on your property exceed its rental income, that deficit can be offset against other taxable income. That makes it possible, with very careful balancing of expenses, to use a rental property to reduce an investor’s overall tax burden.
Construction Progress
Contact Us
Gen Moller
Sally Duncan
Gadija Dilgee
Brad Morgan
