Sectional Title Hotel Investment with 5 year guaranteed return
  • 7.5% annual rental guarantee (net of all property expenses)
  • 7 days own use per year (out of season)
  • Owner rate during season (30% discount)
Sectional Title Hotel Investment with 5 year guaranteed return
  • 7.5% annual rental guarantee (net of all property expenses)
  • 7 days own use per year (out of season)
  • Owner rate during season (30% discount)

   Calling last rounds on Section 12J – invest in the S12J-accredited Upper East Side before 30 June 2021 for a 100% tax break.

VIRTUAL TOUR
ABOUT THE BUILDING

Upper East Side is a trailblazer of the revitalised Salt River suburb, and in 2012 captured the attention of an international hotel management company.

The hotel forms part of a bustling mixed-use development that includes residential apartments, trendy office space with co-working options, a retail section, restaurants and bars all offering visitors the opportunity to immerse themselves in the heart of Cape Town’s most-happening suburb. This iconic, modern-day Salt River landmark has recently undergone an interior refurbishment, overseen by the creative team at Source IBA, who are experts in the field of hotel design.

ABOUT THE BUILDING

Upper East Side is a trailblazer of the revitalised Salt River suburb, and in 2012 captured the attention of an international hotel management company.

The hotel forms part of a bustling mixed-use development that includes residential apartments, trendy office space with co-working options, a retail section, restaurants and bars all offering visitors the opportunity to immerse themselves in the heart of Cape Town’s most-happening suburb. This iconic, modern-day Salt River landmark has recently undergone an interior refurbishment, overseen by the creative team at Source IBA, who are experts in the field of hotel design.

WHAT’S ON OFFER?

Overlooking the bay and at the base of Table Mountain with views of Devil’s Peak, Upper East Side is a perfect base for any Cape Town visitor. Rooms feature city or ocean views, walk-in showers and mini-kitchens. Flyt Property Investment has secured sectional title opportunities that offer:

  • 167 classy, fully furnished and serviced units comprising studio and one-bedroom hotel rooms.
  • 16 double-volume loft apartments with private balconies.
  • Prices range from R734 000 for hotel rooms to R3 534 000 for loft apartments.
  • Modern influences, striking architectural features and high-quality interior and exterior fittings and fixtures.
  • 129 parking bays.
WHAT’S ON OFFER?

Overlooking the bay and at the base of Table Mountain with views of Devil’s Peak, Upper East Side is a perfect base for any Cape Town visitor. Rooms feature city or ocean views, walk-in showers and mini-kitchens. Flyt Property Investment has secured sectional title opportunities that offer:

  • 167 classy, fully furnished and serviced units comprising studio and one-bedroom hotel rooms.
  • 16 double-volume loft apartments with private balconies.
  • Prices range from R734 000 for hotel rooms to R3 534 000 for loft apartments.
  • Modern influences, striking architectural features and high-quality interior and exterior fittings and fixtures.
  • 129 parking bays.
A LOCATION THAT TICKS ALL THE BOXES

Salt River has been reborn as one of Cape Town’s most vibrant, in-vogue neighbourhoods. Just 10 minutes from Cape Town’s CBD, the suburb is strewn with cafés brewing artisan coffee, cool craft breweries, hip eateries, and super-trendy boutiques, art galleries and interior design studios. Backed by breath-taking mountain views, Upper East Side is located in the heart of Salt River. The ocean-facing development is only minutes away from the city centre, V&A Waterfront, the best beaches in Cape Town and Table Mountain itself.

A LOCATION THAT TICKS ALL THE BOXES

Salt River has been reborn as one of Cape Town’s most vibrant, in-vogue neighbourhoods. Just 10 minutes from Cape Town’s CBD, the suburb is strewn with cafés brewing artisan coffee, cool craft breweries, hip eateries, and super-trendy boutiques, art galleries and interior design studios. Backed by breath-taking mountain views, Upper East Side is located in the heart of Salt River. The ocean-facing development is only minutes away from the city centre, V&A Waterfront, the best beaches in Cape Town and Table Mountain itself.

CLOSE TO

Devil’s Peak Brewing Co.
Woodstock Brewery
Rosetta Roastery
The Old Biscuit Mill
The Pot Luck Club & Gallery
Neighbourgoods Market
The River Club
Rhodes Memorial
University of Cape Town
Baxter Theatre
City Centre
V&A Waterfront

340m
930m
1.39km
1.4km
1.4km
1.5km
1.67km
1.94km
2.7km
6km
7km
8km

CLOSE TO

Devil’s Peak Brewing Co.   340m
Woodstock Brewery   930m
Rosetta Roastery   1.39km
The Old Biscuit Mill   1.4km
The Pot Luck Club & Gallery   1.4km
Neighbourgoods Market   1.5km
The River Club   1.67km
Rhodes Memorial   1.94km
University of Cape Town   2.7km
Baxter Theatre   6km
City Centre   7km
V&A Waterfront   8km

INVEST IN UPPER EAST SIDE

Section 12J of the Income Tax Act was introduced in 2009 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 together with a tax certificate, allowing the invested amount to be deducted from the investor’s taxable income in the year that the investment is made. To date, South Africans have invested an estimated R10 billion into the 12J sector.

The Flyt Select Fund gives investors a substantial tax break as well as the opportunity to select a specific unit/s in the development. The investor can finance it themselves or get up to 95% funding, if approved. Flyt has partnered with Anuva Investments, a highly recognised Section 12J company, to provide their investors with an exceptional tax-efficient structure that allows them to use their SARS tax refund towards their investment and then assists in financing the rest – investors get up to 45% back.

The deadline for participation in Section 12J is 30 June 2021, making this the last chance for investors to take advantage of this tax incentive.

INVEST IN UPPER EAST SIDE

Section 12J of the Income Tax Act was introduced in 2009 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 together with a tax certificate, allowing the invested amount to be deducted from the investor’s taxable income in the year that the investment is made. To date, South Africans have invested an estimated R10 billion into the 12J sector.

The Flyt Select Fund gives investors a substantial tax break as well as the opportunity to select a specific unit/s in the development. The investor can finance it themselves or get up to 95% funding, if approved. Flyt has partnered with Anuva Investments, a highly recognised Section 12J company, to provide their investors with an exceptional tax-efficient structure that allows them to use their SARS tax refund towards their investment and then assists in financing the rest – investors get up to 45% back.

The deadline for participation in Section 12J is 30 June 2021, making this the last chance for investors to take advantage of this tax incentive.

FULLY MANAGED UNITS

The Flyt team have crunched the numbers and successfully negotiated a 7.5% annual rental guarantee (net of all property expenses) that affords investors a stress-free option with no rental risk for the first 5 years. The units are fully managed and serviced by Multi Rooms Management, which provides a centralised and comprehensive solution. In a nutshell, investors step into a hassle-free property investment that, with no extra cost, includes:

  • A beautifully finished and furnished unit
  • Quality tenants
  • No risk
  • No admin
  • High returns

INVESTOR BENEFITS

  • 7.5% annual rental guarantee (net of all property expenses)
  • 7 days own use per year (out of season)
  • Owner rate during season (30% discount)

*Terms and conditions apply.

RENTAL POOL

The Flyt team have crunched the numbers and successfully negotiated a 7.5% annual rental guarantee (net of all property expenses) that affords investors a stress-free option with no rental risk for the first 5 years. The units are fully managed and serviced by Multi Rooms Management, which provides a centralised and comprehensive solution. In a nutshell, investors step into a hassle-free property investment that, with no extra cost, includes:

  • A beautifully finished and furnished unit
  • Quality tenants
  • No risk
  • No admin
  • High returns

INVESTOR BENEFITS

  • 7.5% annual rental guarantee (net of all property expenses)
  • 7 days own use per year (out of season)
  • Owner rate during season (30% discount)

*Terms and conditions apply.

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GET IN TOUCH
DISCLAIMER

The information contained on this website is for illustration purposes only and is subject to change. Changes may be made during the further planning or development stages and are at the discretion of the Developer. Whilst all reasonable care has been taken in providing this information, the Developer, its related companies and their representatives, consultants and agents accept no responsibility for the accuracy of any information contained herein.

DISCLAIMER

The information contained on this website is for illustration purposes only and is subject to change. Changes may be made during the further planning or development stages and are at the discretion of the Developer. Whilst all reasonable care has been taken in providing this information, the Developer, its related companies and their representatives, consultants and agents accept no responsibility for the accuracy of any information contained herein.

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WHAT IS SECTION 12

Section 12J of the Income Tax Act – the most efficient tax saving tool, provided by SARS and government that allows you to hold on to your tax cash while investing it wisely.

The section specifically aims to help the growth of small and medium sized businesses by increasing their access to equity finance. To attract investors into this typically under-funded sector, which is imperative for driving economic growth, SARS has written Section 12J into the Tax Act, which offers taxpayers a 100% tax deduction in the year of investment if they invest in SMMEs by way of subscription of shares in a Section 12J Venture Capital Company.

Flyt’s Section 12J compliant property developments give investors the full 12J tax deduction, allowing them to put this saving/refund towards their property purchase. This means that SARS will effectively fund up to 45% of the purchase price of the property.