The long-awaited launch of Flyt Property Investment’s mixed-use development, Eaton Square in Diep River, Cape Town, was recently held on the first floor deck of the property. A celebration of the completion of the 2-year-long project was enjoyed by the building contractor GVK-Siya Zama as well as stakeholders, investors and buyers. Two of the completed furnished apartments were made available for viewing.
Over the last few years, Cape Town’s historic suburb of Diep River has been flagged by property experts as a promising urban renewal node. Its ideal location – proximity to schools, public transport (Metro Rail’s Southern Line as well as major bus routes), hospitals and shopping centres – makes it an ideal prospect for new families and up-and-coming professionals.
Eaton Square offers 66 sectional title 1- or 2-bedroom apartments, all with undercover parking. Architect Sebastian van Greunen has included beautiful communal areas, a first-floor rooftop entertainment deck, a co-working coffee shop/restaurant that will offer residents a meal service, and a private dining room that residents can book for entertaining guests.
All units have been designed with the ‘plug and play’ or co-living concept front of mind, as explained by Flyt’s managing director Zane De Decker. “Over the last two years we have researched worldwide trends, worked extensively with property professionals and consulted the best, most forward-thinking minds in the business to truly trailblaze a new take on the modern-living concept. We want our residents to have the option of arriving with a suitcase and literally plugging in.” With this in mind, Flyt are offering a fully managed solution to investors, which delivers efficiently designed ‘shareable’ apartments, tried and tested furniture packs, up-to-date technology, and rental management with flexible rental options (days, weeks, months) – all suited for investors who would like to purchase with the intention of renting the unit out for optimal returns.
Units are also available to purchase in Flyt’s Section 12 J venture capital tax incentive fund that offers South African taxpayers a 100% tax deduction on the amount invested.