OLDER PROPERTIES IN THE R2.5 – R4.5 MILLION PRICE RANGE SOUGHT AFTER FOR RENOVATION IN SEA POINT, SAYS FINE & COUNTRY

PRESS RELEASE

8 MAY 2017

“It is trendy to buy an older apartment to renovate and then rent or sell again. Many foreign and local investors see it as a place of urban rejuvenation with a good return on investment (ROI) and the area still offers a number of older apartments in need of renovation. The most popular apartments are prime beach front properties situated between Signal Hill and the Atlantic Ocean, a few kilometres to the west of Cape Town’s central business district (CBD).” So says Laureen Harris of Fine & Country Camps Bay.

“Investors can be safe in the knowledge that millennials are more focused on usability than ownership. They’re still planning to travel or they’re not sure where they’ll settle and need the flexibility of renting, they are keener to have properties that meet their lifestyle and career mobility in the global village rather than plant their roots in property. The trick for investors is knowing which renovations are going to increase the value of their asset and bring in higher rentals, so they can avoid over capitalising on such investment.

Selma Fine of Fine & Country Camps Bay, adds, “Green Point is turning into a mecca for yuppies due to its location and proximity to the Waterfront and the city. Business owners with business interests in the city, especially in the hospitality arena, need to be hands on and enjoy living close to their businesses, making Green Point another excellent choice when buying property.  Many houses are being bought and beautifully renovated, changing the face of the suburb. Visitors and locals alike can also enjoy some of Cape Town’s top restaurants in these suburbs.”

To capitalise on these sought-after markets, Fine & Country has appointed Selma and Laureen, two business women who have turned their move to Cape Town into a real success story.  Laureen moved to Cape Town in 2010, but it was only when her sister, Selma, moved back from Australia in 2014 that the two of them decided to apply Selma’s property experience from previous years in Sandton and Australia to Cape Town.

They formed a formidable partnership and started out in 2014, concentrating mainly on the Green Point and Sea Point areas. In 2016 they were among the top property consultants in their company, with clients clamouring to do repeat business with them.

During her stay in Australia, Selma worked with her son, Kevin Fine, owner of the Australian franchise of Fine & Country. Once established in South Africa, it came as no surprise that Selma’s first choice was to return to Fine & Country.

Fine & Country has a passion for client satisfaction, ensuring that every seller’s home becomes a best seller, by presenting it professionally to the market place.  The support from the company was the big attraction to their new real estate home.

Linda Erasmus, CEO of Fine & Country South Africa (Pty) Ltd, says, “I look forward to a very successful working relationship with them and extend a warm welcome to both Selma Fine and Laureen Harris.”

Readers can contact Selma Fine on 021 437 1148 / 078 674 9581 or selma.f@fineandcountry.com and Laureen Harris on 021 437 1148 / 071 426 8676 or Laureen.h@fineandcountry.com  or visit www.fineandcountry.com
ENDS

ISSUED BY

Rosemary Hare Public Relations

P O Box 12521

MILL STREET

8010

 

ON BEHALF OF

Fine & Country

29 Autumn Street

RIVONIA

2128

 

Please contact Rosemary Hare on 082 459 6226 or rose@rosehare.co.za for more information.

 

 

 

 

 

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