Located at 4 Oliver Road, Sea Point, within short walking distance of the Promenade, FOUR ON O, is an outstanding investment opportunity for the savvy investor and owner occupier looking for value in the country’s most buoyant suburb.
The Blok development connects residents with the thriving neighbourhood of Sea Point in a new and exciting way; FOUR ON O has been designed with human connection in mind, and is in close proximity to the suburb’s rejuvenated high street and all the restaurants and entertainment it offers.
The six-storey building will feature:
- Communal roof deck with plunge pool & braai areas
- High-speed fibre connectivity
- Energy-efficient & water-wise fittings
- Generator for common property
- Security (CCTV)
- Pet friendly
- Bicycle parking
- Secure parking available to purchase
City living around the world is evolving in response to a number of influences, in particular the need to design comfortable living conditions and make efficient use of the space available. Featuring thoughtful design rooted in simplicity and natural elements, FOUR ON O celebrates living with the ethos of less, but better. The design of each apartment responds to a change in lifestyle amongst fastpaced residents, who seek an uncluttered aesthetic with the ability to alleviate time pressure. With compact living, more shared spaces are becoming the norm. The result is a private seclusion of space for residents.
The apartment mix on offer includes:
- 33 apartments with a mix of studios, one, two and three-bedroom apartments
- Studios 37m²
- One beds 46m²
- Two beds 65m²
- Two bed duplexes 115m²
- Three beds 120m²
FOUR ON O homes are roughly 10% smaller in size, reducing the cost of each apartment, but combined with thoughtful design, this decrease has nominal impact on living experience, as well as net income. By designing a compact home, Blok has brought down the overall purchase price, which in tandem with the Raw finish, where building costs are reduced, making the yield and investment more attractive. For short stay apartment rentals, apartment size has a marginally significant impact on net income.
Cape Town is a rapidly growing investment location and the Atlantic Seaboard is one of the most desirable lifestyle destinations in the world. FOUR ON O is perfectly located in the heart of Sea Point as an investment opportunity for short stay home rentals. From 1 June 2017 through 31 May 2018, host and guest activity on Airbnb generated an estimated R8,7 billion in South Africa. In 2018, Airbnb reported a 65% year-on-year growth in South Africa.
There has been no better time to invest in Cape Town. Whether as local homeowners or to rent out to travellers and tourists, the possibilities are endless. FOUR ON O gives investors the ideal opportunity to share in the growth that the city offers.