I N V E S T
&
d e v e l O P
THE
LOCK-UP-
AND-GO
INVESTMENT PROPERTY
Thinking of investing in Cape Town or further afield?
Lock-up-and-go investment properties have become more and
more popular as investors realise the benefits of low maintenance,
security and easy placing of tenants. It’s true that one pays a monthly
levy to the body corporate and that, as an individual owner, you may
not have as much say over matters but, as an investor, it’s often easier
– especially if your property is in a different city, province or even
country.
It’s obviously worth your while to do your homework on how well the
body corporate is operating, but generally speaking you can see that
from your first impression of the building. It’s really useful to pay a fixed
monthly amount that covers all your major maintenance, and owning
a unit without a garden relieves you of one more responsibility. You
can deal with minor tasks such as interior painting, or a burst geyser,
but the main building maintenance is managed by someone else.
Welcome to Cape Town
Sing along if you know the song.
Everyone loves Cape Town and, over the last few years, with online
booking companies like Airbnb making it so easy to manage short-
term rentals, the market has been booming and many people have
invested specifically to cater for the tourist market. There’s been an
increased demand for short-term holiday rentals and apartments
in the busy tourist areas such as the Waterfront, Foreshore, Sea
Point and Green Point, so these have become prime locations for
investors. With shops, restaurants, attractions and public transport,
these areas offer city living with the added advantage of the ocean
and Promenade just a stone’s throw away. You really do have the best
of everything.