A Landmark in the Making, a Home Worth the Wait!

Ref # 2367275
R16,400,000
Property Details
3 Beds
3 Baths
2 Garages
176m²

The Magnolia offers a rare opportunity to invest in a stunning seaside sanctuary, located in the heart of Sea Point. With its unique blend of coastal calm and urban convenience, this development promises to be a landmark address for both residents and investors. Set against the backdrop of Cape Town’s vibrant cityscape and breathtaking Atlantic Seaboard

ALL YOU NEED TO KNOW:

Unit 707 was one of the first to go, and is now back on the market ready to be snatched up once again.

Size: 176m2 / 3 bedrooms/ 3 bathrooms / 2 parking available

Address: 317 & 319 Main Road, Sea Point, Cape Town

Completion: Expected April 2027

Short-Term Rentals: Allowed with approved service providers or body corporate approval for self-management

Security: 24-hour concierge, manned security, off-site monitoring, biometric access, CCTV

Returns: Average annual return of 14.5% with potential for higher returns through short-term rentals

Tax Incentives: Section 13sex tax deductions available for investors owning 5+ new residential units

An exceptional opportunity in a sought-after location.

Contact Bella for more information.

Property Features
Property Type
Apartment
Bedrooms
3
Bathrooms
3
Garages
2
Floor Size
176m²
Living Area
1
Costs and Terms
Rates & Taxes
±R8,709
Levy
±R7,038
Moving costs
Additional Information
Grade
C1
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Sea Point, Cape Town view
About Sea Point
Properties for sale in the flourishing, seaside suburb of Sea Point are characterised by luxurious apartment blocks and single-storey family homes set in a cosmopolitan village atmosphere.
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