HIGH-END RENTALS
With the economies opening up and international travel once again back in demand , Seeff expects a strong summer and tourist season . Already , we have achieved significant rentals over the last year , says Samuel Seeff , chairman of the Seeff Property Group .
These include R130,000 per month in Upper Constantia on a three-year lease which was paid upfront by a tenant from Ireland and two high value rentals in Camps Bay of R100,000 and R95,000 per month , respectively . In Sandton / Johannesburg North , Seeff also secured a significant R92,700 per month for a penthouse in the Park Central development in Rosebank .
HIGH DEMAND : ATLANTIC SEABOARD
Camps Bay – R80,000 / month for this 4-bed townhouse villa overlooking the Atlantic Ocean .
Rental rates have also escalated notably in the high demand price brackets on the Atlantic Seaboard according to Jessica Marais , rentals manager for Seeff Atlantic Seaboard . Demand is coming from local and foreign tenants . Seeff has concluded a number of high-end rentals to foreign tenants . These include R100,000 per month in Camps Bay to a family from Sweden , R80,000 per month in Fresnaye to a family from Switzerland and R70,000 per month in Camps Bay to an American corporate tenant .
112 SEPTEMBER 2022 SA Real Estate Investor Magazine