July 2020 · WINE ESTATES Glenelly Estate – 2,8km Blaauwklippen Wine Estate – 5,7km Klein Zalze...
Transcript of July 2020 · WINE ESTATES Glenelly Estate – 2,8km Blaauwklippen Wine Estate – 5,7km Klein Zalze...
100% TAX DEDUCTIBLE
Studio and two-bedroom apartments from
R979,000 – R1,562,000in the heart of Stellenbosch
July 2020
QUIVERTREE APART-HOTEL IN STELLENBOSCH OFFERS FULLY FURNISHED AND SERVICED STUDIO AND TWO-BEDROOM APARTMENTS
Modern life AT THE RIGHT PRICE
Flyt’s QUIVERTREE apartment block in Stellenbosch offers the best of
both worlds – a sense of small town community and urban convenience at the right price. Choose from any one of the fully-furnished studio or two-bedroom
apartments. It’s also a great investment with solid returns. Your investment
in QUIVERTREE is 100% tax deductible if you choose to invest via our SARS-
and FSB-approved Section 12J Investment Fund.
Cool innings
FROM R979 000
Enjoy the luxury of a
hotel lifestyle in the privacy of your own
home
INSIDE QUIVERTREE
• Quivertree’s 102 contemporary and fully-furnished units consists of 75 studios and 27 two-bedroom sectional title
apartments.
• Prices range from R979,000 for a spacious studio apartment to R1,562,000 for a lovely two-bedroom apartment.
• Ergonomically-designed, the interiors all maximise functionality, featuring modern open-plan kitchens with stainless
steel fittings and appliances, electric hobs and ovens and quality flooring.
• Certain apartments feature either a full balcony or terrace.
• All the units are tastefully furnished.
• Secure basement parking and 24-hour security.
• Communal coin-operated laundry facilities on site.
• The apartment block is sustainably-focussed featuring solar roof installation, energy efficient heat pumps and a borehole
filtration system.
• Aircons and heaters are installed in most of the apartments.
• A brand new cafeteria with dining area (Coming
Soon - 2021).
• Free and fast Wi-Fi.
• An on-site management team.
On trend
SERVICES
Spescare Stellenbosch – 0,5kmStellenbosch Provincial Hospital – 2kmMediclinic Stellenbosch – 4kmStellenbosch Animal Hospital -1kmSAPS Stellenbosch – 1,7kmVirgin Active Stellenbosch – 1,5kmTechnopark – 6,3km
SCHOOLS/UNIVERSITIES Paul Roos Gymnasium – 2,3kmRhenish High School – 2,4kmRhenish Primary School – 2,7kmLaerskool Stellenbosch – 3,7kmHoërskool Stellenbosch – 3,7kmLittle Oak Pre-primary – 4,7kmStellenbosch Waldorf – 13,6kmStellenbosch University – 1,2kmCape Peninsula University of Technology – 25,9kmUniversity of the Western Cape – 26,5km SHOPPING Stelmark Shopping Centre -0,75kmEikestad Mall – 1,6kmStellenbosch Neelsie – 1,7kmKwikspar Paul Roos – 2,1kmDie Boord Shopping Centre – 2,6kmStone Square – 2,9kmSimonsrust Centre – 2,8kmDe Jonker Spar – 3,7kmClicks Pharmacy – 1,6km
RESTAURANTS Helena’s @ Coopmanhuijs Boutique Hotel & Spa – 1,6kmJardine – 1,6kmDe Warenmarkt -1,7kmThe Fat Butcher – 1,8kmThe Big Easy – 1,8kmRoot44 Market – 9,3km
WINE ESTATES Glenelly Estate – 2,8kmBlaauwklippen Wine Estate – 5,7kmKlein Zalze Wine Estate – 6,4kmTokara Wine Estate – 7,3kmKanonkop Wine Estate – 9,4kmWarwick Wine Estate – 11km GOLF Stellenbosch Golf Club – 4,4kmDe Zalze Golf Estate - 6,3kmDevonvale Golf Estate – 8,8km
Close to home
SITUATED ON 2 FAURE STREET, STELLENBOSCH
The beautiful town of Stellenbosch lies in the heart of the world-famous Winelands. With its rich history and culture, its vibey university student life and proximity to the city and airport, it is little wonder Stellenbosch is known as the gem of the Cape. It is also top on the list of favourite towns for local and international tourists and business travellers.
CLOSE TO EVERYTHING
• Shopping centres, famous restaurants and bars, world-renowned wine farms and villages, quirky shops and curio
markets, art galleries, theatres, university campuses, public transport, schools, hospitals.
• A tech hub, Stellenbsoch is home to many tech companies and start-ups with the technology and business park, Techno
Park, just down the R44.
• Quick access to major routes to Cape Town and the airport, Franschhoek, Paarl, Tulbach, Wellington, Somerset West,
Strand and other tourist attractions.
• Jonkershoek Nature Reserve and the popular Stellenbosch mountain border the town.
• Stellenbosch is situated in one of the most beautiful and sought-after parts of the country and is famous for its historic
wine farms, impressive mountain ranges and green valleys.
Country town vibes
BUY TO INVEST
Looking to invest in property in Stellenbosch? Stellenbosch is a sought-after property investment destination, offering a substantial capital growth
opportunity.
In line with a UK concept, QUIVERTREE leads the way locally as a new model in student accommodation and short-term apartment letting.
LOW RISK: A yield of 6.5% is guaranteed for the first two years after all costs are deducted (including rates and levies).
THE LOCATION: As property prices in the Cape have seen consistent growth over the last 3 - 5 years, many popular suburbs have become expensive. Located in Stellenbosch, QUIVERTREE provides great value at an excellent
price, and is poised for strong capital growth in the coming years, while also offering attractive initial rental returns.
Best investment
InvestmentbreakdownBUY TO LET RENTAL POOL
The 102 flexi-living apartments form part of a formal rental pool, fully managed by an on-site team. Investors have access to a host of rental pool benefits, including:
• Furnished apartments at no additional cost
• Quality tenants who “tick all the boxes”
• Lower financial risk
• Higher returns due to dedicated on-site management team
• No admin
SECTION 12J INVESTMENT
QUIVERTREE’s rental pool qualifies as a 12J investment allowing investors to write off 100% of the investment amount for tax purposes.
The Rental Pool receives all income and pays all expenses on behalf of
investors
6. 8.7.
OCCUPANTS ENJOY ALL THE BENEFITS AND CONVENIENCE OF LIVING AT QUIVERTREE:5.
The investor invests in a
Quivertree apartment
The investor signs a Rental Pool agreement
with QUIVERTREE Rental Pool (Pty) Ltd
QUIVERTREE Rental Pool (Pty) Ltd is
responsible for furnishing the apartment as well as
managing the operations & common area
The Rental Pool company is responsible for the day-to-day
running of the rental pool
1. 2. 3. 4.Including:
Receiving bookings/tenants Making payments • Room servicing
Routine maintenance
The Rental Pool company distributes nett
income to investors on a quarterly basis
Investors enjoy the benefits of
a well-managed hands-off
investment
FREE WI-FIPET-
FRIENDLYCLEANING SERVICE
CONCIERGE
247
LAUNDRYSERVICES
COFFEE SHOPFURNISHEDDINING ROOMS
Rental pool
Different effective tax rates may apply in respect of different investors
*Varies depending on individual’s marginal tax rate
DESCRIPTION INDIVIDUALS TRUSTS COMPANIES
Initial Investment R1 000 000 R1 000 000 R1 000 000
Effective Tax Rate 45%* 45% 28%
Tax Relief (Refund from SARS) R450 000 R450 000 R280 000
Nett Cost of Investment R550 000 R550 000 R720 000
HOW MUCH WILL SARS FUND?
Tax Benefit (Funded by SARS)
45%Capital Exposure
55%
Section 12J • Section 12J of the Income Tax Act enables investors to deduct 100% of
their investments in a registered Section 12J entity for tax purposes.
• This means that: SARS will finance up to 45% of the investment
(depending on the investor’s marginal tax rate).
• Any entities are eligible, including individuals, trusts and companies.
• Investments are made via a Section 12J entity (investors become
shareholders rather than owning a unit outright).
• A Section 12J investment at QUIVERTREE requires a minimum
investment of R1 million.
WHY DOES SECTION 12J EXIST?
SARS introduced the incentive to stimulate investment into businesses
which create jobs and grow the economy. QUIVERTREE apartments
qualifies for this incentive as it is a fully-managed solution, including
furnished units, on-site meal options and a range of other services and
facilities.
FROM: R 979,000
STUDIO APARTMENTS
APARTMENT AREA
BALCONY AREA
TOTAL AREA
ASPECT
BEDS
BATHS
PARKING BAYS
28.00
3.00
31.00
WEST/EAST
1
1
1
FROM: R1,340,000
TWO-BEDROOM APARTMENTS
APARTMENT AREA
BALCONY AREA
TOTAL AREA
ASPECT
BEDS
BATHS
PARKING BAYS
45.60
4.40
50.00
WEST/EAST
2
1
1
LOUNGE
KITCHEN
KITCHENBATHROOM
BATHROOM
BALCONY
BALCONY
BEDROOM
BEDROOM
BEDROOM
LOUNGE / DINING ROOM
INVESTMENTforecastQUIVERTREE APARTMENTSOPERATIONAL CASH FLOW (2021) - FORECAST
Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21
TOTAL INCOME R 1 193 973 R 989 355 R 798 144 R 787 372 R 881 631 R 965 117 R 989 355 R 829 452
TOTAL EXPENSES -R 367 804 -R 300 457 -R 231 807 -R 227 939 -R 261 781 -R 291 755 -R 300 457 -R 255 983
NET OPERATING INCOME R 826 169 R 688 898 R 566 337 R 559 433 R 619 850 R 673 362 R 688 898 R 573 469
Ave Income / Unit / Month R 8 100 R 6 754 R 5 552 R 5 485 R 6 077 R 6 602 R 6 754 R 5 622
Levies -R 1 400 -R 1 400 -R 1 400 -R 1 400 -R 1 400 -R 1 400 -R 1 400 -R 1 400
Rates -R 450 -R 450 -R 450 -R 450 -R 450 -R 450 -R 450 -R 450
Net Income / Unit / Month R 6 250 R 4 904 R 3 702 R 3 635 R 4 227 R 4 752 R 4 904 R 3 772
Rental Guarantee/Top-Up R 199 R 1 545 R 2 746 R 2 814 R 2 222 R 1 697 R 1 545 R 2 676
Total Rental to Owner R 6 448 R 6 448 R 6 448 R 6 448 R 6 448 R 6 448 R 6 448 R 6 448
Annualised Rental Yield 6.5% 6.5% 6.5% 6.5% 6.5% 6.5% 6.5% 6.5%
Expected Year-1 Rental Yield 6.8%
OPERATIONAL CASH FLOW (Yr 1- 5) - FORECASTYear 1 Year 2 Year 3 Year 4 Year 5
TOTAL INCOME R 1 2 747 546 R 14 261 021 R 15 935 777 R 17 787 980 R 19 150 574
TOTAL EXPENSES -R 3 870 550 -R 4 457 021 -R 4 963 398 -R 5 520 976 -R 5 903 207
NET OPERATING INCOME R 8 876 996 R 9 804 000 R 10 972 379 R 12 267 004 R 13 247 367
Ave Income / Unit / Month R 87 029 R 96 118 R 107 572 R 120 265 R 129 876
Levies -R 16 800 -R 17 808 -R 18 876 -R 20 009 -R 21 210
Rates -R 5 400 -R 5 724 -R 6 067 -R 6 431 -R 6 817
Net Income / Unit / Month R 64 829 R 72 586 R 82 628 R 93 824 R 101 849
Rental Guarantee/Top-Up R 16 484 R 13 213 R - R - R -
Total Rental to Owner R 81 313 R 85 799 R 82 628 R 93 824 R 101 849
Annualised Rental Yield 6.8% 7.2% 6.9% 7.9% 8.6%
A rental yield of 6.5% per annum is guaranteed for two years by the Qivertree Rental Pool Company.Disclaimer: The income forecasts above are based on the past performance of Quivertree but remain estimates and are subject to change based on external market conditions.
Nov-21 Dec-21 Jan-22 Feb-22
R 1 069 542 R 1 594 045 R 1 340 804 R 1 308 756
-R 329 282 -R 490 289 -R 411 853 -R 400 887
R 740 260 R 1 103 756 R 928 951 R 907 869
R 7 257 R 10 821 R 9 107 R 8 901
-R 1 400 -R 1 400 -R 1 400 -R 1 400
-R 450 -R 450 -R 450 -R 450
R 5 407 R 8 971 R 7 257 R 7 051
R 1 041 R - R - R -
R 6 448 R 8 971 R 7 257 R 7 051
6.5% 9.0% 7.3% 7.1%
FLOORINGBalconies – Ceramic TilesBathrooms – Ceramic TilesLiving Area – Luxury Vinyl Flooring
PARKINGExclusive-use parking bay (1 per apartment) additional parking bays available
LIGHTINGCeiling-mounted LED Downlights (lamps)
A lifestyle on trend
LOUNGE & KITCHENExpansive WindowsGenerous Balcony or PatioContemporary Kitchen Cabinetry with Engineered Stone Countertops and BacksplashBuilt-in Electric HobHansgrohe Taps
BATHROOMS & BEDROOMSExtractor FanBuilt-in Bedroom Cupboards
SUSTAINABILITY & INNOVATIONSolar Roof InstallationBorehole Filtration SystemEnergy-Efficient Heat Pumps
ELECTRONIC SYSTEMSCCTV SurveillanceSecure Access ControlTV Outlet BoxDSTvWiFiAircon
FEATURES & ON-SITE FACILITIESLaundry Self ServiceOutdoor Relaxation Area
Flexi-living at QUIVERTREEWELCOME TO QUIVERTREE
QUIVERTREE’S serviced apartments are carefully curated, fully furnished and equipped to ensure a completely hassle-free lifestyle. Flexible rental options allow residents the freedom to choose the length of their stay, whether it’s a few days, a few months or longer.
Residents are able to choose up to three meals a day, which can be included in their rate.
With innovative common spaces, a vibrant cafeteria (COMING SOON), QUIVERTREE’s flexi-living creates a lifestyle experience which connects people to their community.
A rental yield of 6.5% per annum is guaranteed for two years by the Quivertree Rental Pool Company.
Because time is precious, why not work, play and stay in the same place?Disclaimer: The information contained within this brochure are for illustration purposes only and are subject to change. Statements, figures, calculations, plans and representations are indicative only.