Flyt is proud to present its latest development, Quivertree Apartments. Ideally located in the heart of Stellenbosch, Quivertree is a unique opportunity for investors looking for a low-risk, high-reward property investment with 6% rental guarantee in year one.
As a well-established serviced short-term and student accommodation enterprise with a strong track record, Quivertree is 100% Section 12J compliant offering stable returns and real value for money. With investment exclusively through the Flyt Select Fund, investors not only get a tax break (up to 45% of the unit value), but also the opportunity to choose their specific unit/s, all of which are fully furnished. Then, after the 5-year holding period, investors will own their units outright.
Location, location, location
Stellenbosch has become a premier property investment destination that offers a substantial capital growth opportunity. With its rich history and culture, its vibrant university student life and proximity to the city and airport, it’s little wonder that student accommodation and short-term rental options in the area are in demand and usually in short supply. Quivertree is ideally located just over 1km away from Stellenbosch University, and is close to local services, shopping hubs and restaurants.
The Quivertree property includes 102 sectional title units in total, comprising 75 studio and 27 two-bedroom apartments. All units are tastefully furnished and ergonomically-designed, featuring modern open plan kitchens with stainless steel fittings and appliances, electric hobs and ovens and quality flooring. Choose from a range of spacious, fully furnished units, with studios from R979 000 and two-bedroom apartments from R1 340 000.
Sustainability is a big focus at Quivertree, the block boasts a solar roof installation, energy efficient heat pumps, 24-hour manned security, secure parking and on-site laundry facilities. Air conditioning units and heaters are installed in most of the apartments.
All of Quivertree’s apartments form part of a formal rental pool, fully managed by on-site team WINK Aparthotels. Investors have access to many rental pool benefits, including furnished apartments at no additional cost, quality tenants, lower financial risk, higher returns and no admin. Under the WINK banner and part of the group’s offering is the WINK Café brand, which offers residents easy access to a vibrant coffee shop and casual daytime eatery.
Section 12J fund
As a serviced short-term accommodation provider, Quivertree is Section 12J compliant. This means that SARS will finance up to 45% of the investment (depending on the investor’s marginal tax rate). Section 12J of the Income Tax Act was introduced in 2009 by the South African Government to encourage South African taxpayers to invest in local companies and receive a 100% tax deduction of the value of their investment. The investor receives a share certificate and a tax certificate, allowing the invested amount to be deducted from the investor’s taxable income, in the year the investment is made. The Flyt Select Fund is a registered Financial Services Provider (FSP) and registered SARS VCC (VCC-0008).
Once you have chosen your Quivertree unit, you can finance your investment into Quivertree through the Flyt Select Fund yourself, or get up to 95% funding from Flyt. The investor is required to invest the purchase price of the unit as well as the associated costs before the end of the tax year.
Flyt Property Investment is a Cape Town-based property development and investment team committed to finding opportunities that challenge the status quo. With a proven track record since 2011 across all property sectors, Flyt is dedicated to shaping the landscape, elevating the city, and partnering businesses for progress while setting the benchmarks of tomorrow.
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