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Luxury real estate in Cape Town appreciated by 19,9% in value last year, outperformed only by Guangzhou, according to the Knight Frank Wealth Report 2018. And with average central city rental income more than tripling in the past five years, it’s not surprising more and more global investors are looking at the undersupplied opportunities very seriously. Here are the top reasons you should consider cherrypicking the award-winning Onyx development in this top ROI market:
- located in a sought-after tourist area
- across the road from the Cape Town International Convention Centre
- luxury hotel-style services by award-winning Newmark Hotel Group
- high-security, low-maintenance product
- developed by John Rabie, legendary Cape Town property guru, backed by Nedbank
The Onyx is a rare opportunity to invest in residential property in Cape Town’s historic Heerengracht district. With a strong influx of young professionals looking for accommodation in this secure and convenient hub, The Onyx combines substantial rental income with outstanding capital growth prospects.
The development’s unique hotel-style amenities and services will elevate premium rentals. These include an entertainment deck with an indoor/outdoor pool, gym, bar, day spa and restaurant, plus valet parking, 24-hour concierge, housekeeping, laundry and room service.
