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The latest investment offering on the EasyProperties platform, Six on N, by BLOK should be noted for anyone intending to grow a diversified portfolio.

As popular cities like Cape Town grow in density, the demand for compact urban design and well-planned micro living that emphasises shared spaces, hybrid work environments and trendy neighbourhoods is in demand.

According to EasyProperties CEO, Rupert Finnemore, few are responding to this as well as developers BLOK, who are about to complete Six on N in one of Cape Town’s most desirable positions in Sea Point.

Following their success with FOUR ON O, which achieved a successful raise of R19,045,000 from 14,417 investors on the EasyProperties platform, the 87-unit apartment block comprising a mix of micro, studio, one and two bedroom apartments is located near to the Sea Point promenade on Norfolk and Wisbeach streets.

A fresh design aesthetic has been applied to maximising private space, while communal areas like a deli, boardroom, workpods, gym, laundry and rooftop bar are centred around principles suited to live-work urban communities that are convenient and adaptable.  

According to EasyProperties CEO, Rupert Finnemore, Six on N offers investors an excellent opportunity to diversify their portfolios through a property model that answers a demand for smaller affordable properties without compromising on lifestyle.

An Opportunity for Building a Diversified Property Portfolio  

" Besides the portfolio diversification opportunity, Six on N’s affordable prices affords entry-level buyers the chance to invest in an otherwise expensive area. In addition, EasyProperties has negotiated a material discount of 7.95% for its investors which further boosts expected capital appreciation and rental yields, " says Finnemore.

High Rental Demand

The EasyProperties Investment Committee forecast of an estimated 8.8% rental yield is based on the overall property performance of the Atlantic Seaboard which tends to retain its investment value throughout the property cycle, including times of uncertainty.  

According to Finnemore the growing demand for smaller, carefully designed urban spaces where both essential and convenient amenities are economised through shared spaces, adds to the potential for higher-than-expected rental yields.

A Location with a History of High House Price Growth

Sea Point in Cape Town is one of the most sought-after places in South Africa to own property. Its double-digit growth over many years, as well as the fact that the tourism market is enjoying a certain rebound after Covid-19, make Six on N, with its designer features and harmonious response to market demands, a development with strong capital appreciation potential.

In addition to its convenient and stylish shared spaces, Six on N developers have included important extras like storerooms, private parking, a generator and water-wise fittings. It is also pet friendly and close to MyCiti bus routes.

 

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