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PGP Cape’s metro rental division secures top leases

Pam Golding Properties’ Cape rental division has concluded numerous notable leases since the start of the 2017 financial year (March 2016), for upmarket houses and apartments situated in the Atlantic Seaboard, City Bowl and Southern Suburbs.

A Clifton apartment has been signed for R110 000/month for the first year and R121 000/month for the second year. A Bantry Bay apartment has been leased for R100 000/month and a Clifton bungalow for R80 000/month.

In the Southern Suburbs, top rentals include two five-bedroom Bishopscourt homes for R89 000 and R65 000/month respectively. And in the City Bowl, a four-bedroom Higgovale house has been rented for R44 000/month and an Oranjezicht penthouse for R42 000/month is under negotiation.

Cape Metro Rental Manager, Dexter Leite, says strong demand is underpinned by several factors including South Africans’ migration from other provinces, the appealing lifestyle, established infrastructure, excellent schools and tertiary institutions and Cape Town’s reputation as a well-managed city.

“We have had a number of ‘buy-to-let’ investor enquiries and have been asked to do a number of rental valuations for developers, both in respect of new build and conversions/upgrading of existing apartment blocks, particularly in the City Bowl and surrounds,” said Leite.

The rental division has also received a number of foreign corporate enquiries for security or gated estates in the Southern Suburbs, he added. This is a popular niche, with three Stonehurst Estate homes recently let by Pam Golding Properties at R55 000/month, R52 000/month and R45 000/month, for example.

V&A Waterfront Marina apartments are also in high demand, with signings of three- and two-bedroom units for R55 000/month, R50 000/month and R42 000/month.

“Having been established in the Cape for 40 years, we are a trusted name and can offer everything from long-term rentals of stately Southern Suburbs mansions, to self-catering holiday apartments close to all amenities at daily rates,” said Leite.

Longer-term rental homes currently on the Pam Golding Properties books include a seven-bedroom (all en-suite) traditional Cape Dutch house in Constantia for R130 000/month and a magnificent double volume, three-bedroom apartment in central Cape Town for R125 000/month. A five-bedroom, five-bathroom Bakoven villa is also available for R85 0000/month.

More affordable rentals for centrally-located apartments include a trendy, renovated (unfurnished) Tamboerskloof one-bedroom unit for R13 500/month and a three-bedroom, two-bathroom Vredehoek apartment for R17 000/month.

Find out more on http://www.pamgolding.co.za/rent-property.