About WINK Foreshore
A rare and unique investment opportunity, WINK Foreshore is a 30 unit Aparthotel situated in Pier Place, located in Cape Town’s buzzing financial district and foreshore.
The large and spacious rooms at WINK have been redesigned by the well-known architect, Sebastian van Greunen, a specialist in hotels and hospitality. With a focus on international trends specific to the modern traveller, WINK Foreshore apartments are a true blend of comfort, sustainability and luxury. On the ground floor you’ll find WINK Café providing nutritious breakfasts and quick and tasty café lunches to residents and the public.
WINK Foreshore has been redesigned and refurbished with an innovative, ecofriendly mindset resulting in an extensive remodelling of the common area facilities, room interiors and the installation of solar facilities. The property has sustainable bamboo interiors and engineered vinyl flooring, as well as a hot water system that is solar-powered.
About WINK Aparthotels
Experiences, memories and flexibility are deciding factors for modern travellers booking their next adventure. The WINK Aparthotels group manages a collection of trendy aparthotel properties throughout the Western Cape in South Africa. WINK Aparthotels provides travellers with the convenience of apartment living and the comfort and luxury of a hotel, all beautifully moulded into one.
As a hospitality subsidiary of the successful Flyt Property Group in South Africa, WINK Aparthotels are positioned to deal with local and international affairs by keeping their finger on the pulse of both the hospitality and property investment sectors.
Under the WINK banner and part of the group’s offering is the WINK Café brand, which offers WINK Aparthotels’ residents easy access to a vibrant coffee shop and casual daytime eatery.
INVESTOR BENEFITS:
- 14 days own use per year (out of season)
- Owner rate during season (30% discount)
Flyt’s forward-thinking approach gives investors a hands-off investment with real returns.
Invest in WINK Foreshore
Flyt Property Investment is giving you an exclusive opportunity to partner with them and invest in WINK Foreshore through the Flyt Partnership Fund.
The Flyt Partnership Fund is a unique low risk, high reward property fund launched by Flyt Property Investment in partnership with Anuva Investments Limited. This is an innovative Section 12J opportunity that allows you to secure a 100% tax saving via a Section 12J structure.
How Flyt becomes your partner in a private property investment holding company:
- There are 50 shares available at R1m each.
- You can invest individually or as a group with a minimum investment of at least one share and minimum investment per individual of R500k.
- Each share purchased reduces your taxable income by R1m. As your income reduces, so does your tax, saving you up to R450k per share depending on your tax profile.
- At the end of the 5-year holding period, profits are shared 50:50 between investors and Flyt
Funding Options
To invest in the WINK Foreshore development and partner with Flyt through the Flyt Partnership Fund, there are two different funding options available:
Flyt provides 65% funding
- The investor invests R350k from their own funds and signs a short-term loan agreement for R650k with Flyt.
- The total Section 12J investment will be equal to R1m, allowing a R1m tax deduction.
- Flyt then raises a bond on the property for R650k, which is used to repay the investor’s short term loan.
- Investors are not required to stand surety on this loan.
- Rental income is used to service the above bond.
- Any potential cash flow shortfalls or working capital requirements of the holding company are also financed by Flyt (investors are not required to contribute any further cash).
Flyt provides 95% funding
- Investors who are unable to fund their full 35% can put down 5% and then apply to loan the 30% portion via an additional short-term Flyt Loan, which is then repaid once they have received their tax refund.
- This additional 30% loan is subject to a tax and affordability assessment to ensure that the investor’s tax refund is sufficient to repay the loan.
Exit strategy:
Following the initial 5 year holding period, the investor may elect to:
- Retain their investment in the holding company and receive dividends.
- Sell their shares.
Section 12J Investment
Investments made in WINK Foreshore qualify as a Section 12J Investment, allowing investors to write off 100% of the investment amount for tax purposes. This means that SARS will finance up to 45% of the investment (depending on the investor’s marginal tax rate). Individuals, trusts and companies are eligible.
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Feel free to get in touch to discuss our property offerings.
We are always open to discussing new opportunities and ventures.