Aug
2021
De Waterkant in the Cape Town City Bowl is some of Cape Town’s prime real estate. The suburb was established in the 1700’s with a lot of architecture that dates back to Cape Dutch rule and later Georgian architecture from British rule. There is an eastern architectural cue too with properties sporting full length verandas typical of India architecture.
Today the suburb caters for the well heeled property investors with many of the properties being converted to apartments. The high density use of the property does offer a large degree of exclusivity and this is in part due to views of the waterfront and mountains as a backdrop.
The prime location of the suburb should not be overlooked either as every whim is within easy convenient distance like commercial or retail hubs.
Properties in the suburb serve well as holiday apartments generating all year round income with foreign tourists being a large target market in suburbs like De Waterkant.
The high demand for property in the suburb shows no signs of abating which translates to stable growth in property values.
There are a number of commercial properties in the suburb which offer prospects of redeveloping the properties into apartments and to offset the refurbishment costs against the high sales values means the properties will sell for market related prices within the sectional title property segment.
The advantage of a lock-up and go life style will suite executives working in the various commercial hubs close to De Waterkant along with the security the apartment buildings offer.
The diversity of cultures in Cape Town is something to be explored while visiting in De Waterkant in the many cultural museums in town and at the Waterfront.
The suburb is an ideal base from which to explore the wine farms and historical sites in towns like Simon’s Town, Hout Bay and further afield.
Take a tour of the properties on offer in De Waterkant via the Myroof website.
