From R 2 664 500 to R 3 421 500
8 Unit Types Available
The Paragon is ideally situated on Main Road in trendy Observatory.
Affectionately known as "Obs", Observatory is an area that has always been popular with students, lecturers, medical students and doctors due to it's close proximity to to many learning institutions as well as Groote Schuur Hospital.
This is what creates a high and consistent demand for rental accommodation.
141 One, two and three bedroom apartments tailored to modern living that provides unsurpassed investment opportunities with real rewards.
The Paragon offers an ideal investment for the passive investor.
All Units will be finished with contemporary, quality finishes, which include granite kitchen tops, high grade aluminium blinds throughout and a neutral pallet of fixtures to complete the look.
Security has been given high priority and includes around the clock guards monitoring CCTV surveillance. Entry to the building is controlled by biometric access and the site is encircled with electrical fencing.
Just 200 meters from the UCT Medical Campus, 600m from the Observatory Station and 2 km's from UCT's Upper Campus accessible via the Jammie Shuttle Station which is 300 meters away, The Paragon is perfectly placed.
LUCRITIVE TAX BENEFITS
The Paragon also lies within the Cape Town Urban Development Zone. this means that investors will enjoy higher rental yields by benefitting from this tax incentive. Investors will be able to claim up to 55% of the purchase price as a taxable expense.
Communal features include a modern rooftop pool with impressive views. braai facilities and a laundry as well as a common entertainment lounge. Anon-site gym with hi-tech exercise equipment completes the experience of living in style at The Paragon.