A client who bought an old house near the sea in Cape Town, with the view to renovate it. Whilst the client and his partner spend half the year in Cape Town, they are not planning to live here full time for a few more years. We advised that they should split the property into two separate units; one to live in when they are here, and one to be rented out as a short term holiday let. The units were completed and furnished to a luxurious standard earlier this year. The rental apartment is now almost fully booked for the next six months, bringing in an excellent yield, whilst also covering any running costs of the entire property.
One client came to us with an existing portfolio of nine properties, consisting of a mix of sea-view villas and city apartments. We are currently assessing the potential of the portfolio to maximise his return on investment which involves re-designing and furnishing the properties to optimise luxury holiday rental returns. Once implemented, we plan to exclusively market the portfolio and manage it on his behalf as he lives overseas.
One south African client was concerned at having most of his wealth tied up in his Cape Town home. We advised him to take some of the equity and use this to leverage a small property portfolio abroad. With a luxury apartment in London, and 2 student flats in Manchester, he is now enjoying guaranteed yields and the London apartment has gone up by 22% since buying it off plan.
Maintenance & sourcing
A couple from France commissioned us to find them a home in Cape Town. Whilst the property was primarily to be a holiday home, it was important to them that the property pay for itself. We found them an off the market property, that had a separate cottage. The cottage is rented out, so there is always someone on the property, and it covers the monthly running costs of the main house.