1 Bed Apartment/Flat for Sale George South George

Property Details

One-Bedroom Apartment 3rd with Sunset Views *NO TRANSFER DUTIES* Welcome to The Meade, where 78 exclusive apartments blend luxury and convenience. Come home to comfort and unwind in style. Each unit features meticulously designed interiors and refreshing shared amenities, all curated for an urban Garden Route lifestyle. Average ROI and Rental Yield in George 1. Return on Investment (ROI): • Average ROI: Over the past decade, properties in George have delivered an average annual ROI of approximately 8-10%. This figure indicates the region’s stable market and the ongoing demand for residential properties, both for full-time residents and holidaymakers. • Factors Driving ROI: The ROI in George is supported by factors such as the town's strategic location, quality of life, and the influx of people relocating from larger cities in search of a more serene lifestyle. The sustained interest in the area ensures property values continue to appreciate, offering investors a reliable return on their investment. 2. Rental Yield: • Average Rental Yield: The rental market in George is equally robust, with average gross rental yields ranging between 5% and 6%. These yields are particularly attractive in the current low-interest-rate environment, providing a steady income stream for property investors. • Demand for Rentals: Rental demand in George is fueled by a mix of long-term tenants, including retirees and young professionals, as well as short-term holiday rentals. The town’s proximity to key amenities, excellent schools, and a strong tourism sector further bolsters its rental market. Pricing: (VALID TILL 31 December 2024) • 17 x Studios: Starting from R1.27 million • 25 x One-bedroom apartments: Starting from R1.45 million • 24 x Two-bedroom apartments: Starting from R1.995 million • 7 x Three-bedroom penthouses: Starting from R3.255 million Location: Situated at the foot of the Outeniqua Mountains and just a short stroll from George Central, The Meade is your oasis on the edge of paradise. Apartment Features: • Secure, Covered Parking • Contemporary Finishes • Optional Extras Available • Spacious Covered Balcony or Garden • Fibre Ready • Optional Inverter for Backup Power • Pet Friendly (Upon Body Corporate Approval) Amenities: • Outdoor Leisure Pool and Sundeck • Clubhouse with Catering Facilities • Open Air Braai Area and Communal Seating • Gardened Courtyard and Lounging Areas • Lift Access and 24-hour Security • Biometric Access Control Lifestyle: Take a dip in the pool or spend the afternoon reading in the shade. Whether it’s a braai with family or a party with friends, The Meade offers spaces to enjoy your time and the company of your loved ones. Investment Opportunity: Whether you’re seeking a peaceful retreat or a thriving investment, The Meade offers the ideal opportunity. Address: 66 Meade St, George, Western Cape, South Africa. Completion Date: Q2 2026