{"id":493023,"date":"2021-05-24T15:35:58","date_gmt":"2021-05-24T13:35:58","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=493023"},"modified":"2021-05-24T15:35:58","modified_gmt":"2021-05-24T13:35:58","slug":"a-look-at-the-19-square-metre-micro-apartments-for-sale-in-cape-town","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/493023\/a-look-at-the-19-square-metre-micro-apartments-for-sale-in-cape-town\/","title":{"rendered":"A look at the 19 square metre micro-apartments for sale in Cape Town"},"content":{"rendered":"

Property development and investment firm, Flyt Property Investment has launched One Thibault in Cape Town City Centre – 180 units over 13 floors.<\/p>\n

The development offers a range of 19 square metre to 60sqm one and two-bedroom apartments and studios featuring quality interior fittings and fixtures. A custom, fully-furnished option is also available, Flyt said. A 19sqm apartment starts at R895,000, while a two bed 60sqm unit goes for R2 650 000.<\/p>\n

“This hospitality offering qualifies as a 12J investment allowing investors to write off 100% of their investment amount,” it said.<\/p>\n

Hospitality management company WINK Aparthotels will provide on-site administration of all the units giving investors “a well-managed, hands-off investment with access to a host of other benefits over and above a guaranteed rental income of 6% for the first year”.<\/p>\n

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Some of the key features of the development include:<\/p>\n

\u2022 Reception Area With 24-hour Security
\n\u2022 High-Speed Internet
\n\u2022 Airbnb Friendly
\n\u2022 On-Site Restaurant
\n\u2022 Pool Deck
\n\u2022 Co-Working & Networking Space
\n\u2022 Concierge
\n\u2022 Parking
\n\u2022 Storage Space
\n\u2022 Laundry Facilities
\n\u2022 Easy Access to Transportation Hubs
\n\u2022 Conveniently Close to Cape Town\u2019s Finest Landmarks<\/p>\n

Flyt Property Investment said it has partnered with Anuva Investments to provide investors with an advantageous tax-efficient structure that allows them to use their South African Revenue Service (SARS) tax refund towards their investment and then assists them in financing the balance.<\/p>\n

“Not only do you have the choice of purchasing a pre-approved unit priced from R895,000, but you can also qualify for a 100% tax deduction,\u201d said Zane de Decker, chief executive of Flyt Property Investment.<\/p>\n

Investment into the Section 12J sector saw a major uptake leading up to the end of the tax season in February 2020 with the group reporting all their units across three developments being sold out.<\/p>\n

“Not only are you able to invest in property in a sought-after location for good value, but you can write off your tax investment amount against your tax liability for the 2021\/2022 tax year,” said de Decker.<\/p>\n

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Read: House prices in these wealthy South African suburbs are booming<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Property development and investment firm, Flyt Property Investment has launched One Thibault in Cape Town City Centre – 180 units over 13 floors.<\/p>\n","protected":false},"author":10,"featured_media":493037,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[26],"class_list":["post-493023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/493023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=493023"}],"version-history":[{"count":11,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/493023\/revisions"}],"predecessor-version":[{"id":493093,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/493023\/revisions\/493093"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/493037"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=493023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=493023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=493023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}