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New property: Alto Livello in Green Point
Buy-to-rent or live – here’s how to get R200 000 off
Last updated: 7 February 2024
Life for you (or your tenant) at this new development looks like: Popping by Giovanni’s Deli for a coffee and fresh pastry; making your way to the office in the city; then ending off with a braai overlooking the Atlantic Ocean.
Alto Livello is launching on 28 February 2024 at 1pm, and buyers get R200 000 off on launch day. Browse the interactive price list and sign up to qualify for the discount on Alto Livello’s website.
New developments are an ideal buy-to-rent opportunity. Image: Alto Livello
RARE PROPERTY OPPORTUNITY
Alto Livello will be built in one of the most desired street addresses and suburbs in Cape Town: High Level Road in Green Point (expected completed build time is quarter two of 2025). Opportunities to own a property at such an illustrious address are rare, especially when it comes with inverters and 24-hour security. And there are just 13 apartments available.
Buyers get R200 000 off on launch day when they pre-register. Image: Alto Livello
ONLY 13 ULTRA-CHIC APARTMENTS
One bedrooms start from R3.79 million and two beds from R7.45 million. From R10.45 million, there’ll be three bedroom garden duplexes. Four penthouses complete the units on offer: Two with Atlantic Ocean views and two with views of Signal Hill.
Besides inverters and 24-hour security, each apartment also gets secure undercover parking, high-speed fibre connectivity, air-conditioning in all bedrooms, gas hobs for loadshedding-free cooking, and double glazing on road-facing windows. It’s also pet-friendly (with body corporate approval).
Alto Livello comes with all the trimmings - fibre, back-up power, air conditioning... Image: Alto Livello
CLOSE TO THE CITY’S TRENDIEST SCENES
One of the reasons why this is such an illustrious address is because of its proximity to some of the most popular spots in the city. The chic Giovanni’s Deli is just 350 metres away for morning coffee, and Jason Bakery has some of the best croissants in Cape Town (you can even preorder breads and pastries and collect on the way home).
Africa’s fastest-growing sport, padel, is around the corner, as well as the Metropolitan Golf Course (both are under one kilometre away). And for those that are looking to live in Green Point permanently, upmarket grocery store Woolworths and Reddam House private school are a walk away.
Or stay in; imagine a dinner or braai here with friends. Image: Alto Livello
WHY BUY AS AN INVESTMENT?
Green Point is one of Cape Town’s most in-demand property locations (for both short-term and long-term rentals). Thanks to increasing levels of semigration and tourism, it will only continue to grow in demand.
This is why buying property in a development like Alto Livello is such a secure long-term investment (plus, your tenant is paying off your bond for you). There’s also no transfer duties and the buyer’s deposit is paid into the transferring attorney’s interest-bearing account (meaning your money will earn interest).
Property investment is likely to create sustainable long-term wealth. Image: Alto Livello
TIPS FOR BUY-TO-RENT INVESTORS
It’s good to know that this development falls under Section 13sex of the Income Tax Act. This means that any taxpayer who owns five or more new residential rental units can claim up to 55% of the purchase price as a tax deduction.
You won’t even have to handle tenants or furnishing: Alto Livello unit owners have access to Total Stay. Select the serviced and furnished option when buying, and you have an apartment to rent out almost immediately upon building completion.
This is an ideal opportunity for new or seasoned buy-to-rent investors. Image: Alto Livello
WHAT TO DO ON LAUNCH DAY
Alto Livello is launched by the same company whose property developments tend to sell out on launch day. The Sage in Sea Point sold out in 45 minutes. Even more impressive: The Braemar in Greenpoint sold out in just 4 minutes. They're currently launching a luxury seaside development called Summer Terraces.
Before launch day:
There are only 13 units available – make sure to register via the Alto Livello website
View and browse the available units
Shortlist your favourite apartments
Get pre-qualified with MultiNET
On launch day (1pm, Wednesday, 28 February):
Before sales go live at 1pm, log in to the interactive price list on the Alto Livello website
When sales go live at 1pm, a reserve button will appear
Secure your preferred unit/s by pressing the reserve button
Pay R10 000 reservation deposit
Sign the Agreement of Sale within 48 hours
CONSIDER THIS YOUR NEXT (OR FIRST) INVESTMENT
Alto Livello is launching: Wednesday, 28 February 2024 at 1pm
Price: From R3.79 million
Enquire about Alto Livello and register: via the Alto Livello website
By Julia Rowley
READ MORE ABOUT CAPE TOWN (& PROPERTY)
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