Investing in property is considered a smart decision that has long-term benefits for your financial health. Whether you are looking to expand your investment portfolio or you are just starting out on your investment journey, buying to rent out is a lucrative option to grow your wealth. With the demand for apartments in Umhlanga continuing to rise year-on-year, now is the perfect time to consider Ridge Town Central as your Umhlanga investment.
When you buy to rent out, as long as you do your homework on the financial viability of the area, the building and the type of tenants you are likely to attract, you will be able to earn a reliable source of income that has the potential to grow. This analysis is incredibly positive when we look at the benefits of investing in the Umhlanga market which has expanded over the last few years, and is on track to continue appreciating in value. Our research indicates that the number of people living in the area continues to increase as more commercial businesses relocate to this node, encouraging workers to consider moving closer to where they work.
As an investor, a high demand for the area will likely make for the perfect environment for capital appreciation. This means you will be able to adjust rent in accordance with competitive rental pricing and you will be able to sell your unit at a higher price, when the time comes and your interests diversify.
Ridge Town Central is a modern development that serves the growing market of professionals in the area. Investment opportunities abound with a choice of studio, 1, 2, and 3-bedroom units, with a 1-bedroom unit typically expected to achieve a monthly rental of R7000 to R8500. The development is in a safe area with a 24-hour security gatehouse and fantastic amenities. Residents can enjoy the pool, clubhouse and gym, and look out onto immaculate landscaped areas with the added benefit of living steps away from Gateway Theatre of Shopping.
Ridge Town Central is already fully built. That means if you invest in Ridge Town Central now you will have your tenants move in right away – wasting no time on making money and generating a rental yield.
There is no doubt that Ridge Town Central residents live in the most prized destination on KZN’s North Coast. When you choose to live in Umhlanga, the relaxed, coastal-living makes each day seem like a well-deserved vacation.
There are so many fantastic things to do when you live in Umhlanga. You can take a stroll along the beach or visit one of the many exclusive dining spots. The rooftop bar at The Oyster Box is always a welcoming spot after a long day at work or a visit to Old Town Italy can be enjoyed with friends, authentic Italian cuisine food and good wine.
Umhlanga has seen a huge investment in recreational and entertainment areas with the relaunch of the iconic Oyster box Hotel in 2009 and the Umhlanga pier and promenade in 2015. What was once a holiday strip of beach hotels, has now become the place to be seen by the jet setting crowd and families.
Gateway Theatre of Shopping is a firm favourite for all Durbanites, which is in fact around the corner from Ridge Town Central. Spend the day shopping all your favourite brands from Zara to Woolworths and everything in-between. Pamper yourself at one of the many beauty stores or enjoy a smoothie at the food court. Even running errands is a breeze when all the best home shops are located steps away from where you live.
When you move into your new home at Ridge Town Central, living in Umhlanga will completely change your perspective on life. Get ready for stress-free, access to the vibrant lock-up-and-go life you’ve always wanted.
From work to play, Umhlanga is a bustling hive of activity. Over the past 20 years there has been a significant increase in people and businesses moving to Umhlanga Ridge Town Centre with a large number of developments rising up to support the demand. Umhlanga apartments are in high demand and if you are one of the aspiring individuals looking to move to the area, Ridge Town Central is in prime estate to be your first point of call.
According to the South African government census, Umhlanga is one of the fastest growing cities in South Africa. Umhlanga Ridge Town Centre has seen a 212% population increase over the last 9 years and is currently seeing approximately 34 new individuals moving into the Umhlanga area every month. In 2022, we estimate the population to continue in the upward trajectory as more young professionals join the workforce, and the demand for residential opportunities continues to grow.
Ridge Town Central is one of those developments that has sought to answer the call for on-the-go individuals with apartment-style living. The secure building creates the best of both worlds for young professionals who work and socialise in the area. With 24-hour security, a central clubhouse with a gym and swimming pool, you will also have the convenience of living within close proximity to top restaurants, hospitals, shopping centres and co-working spaces.
Hand-in-hand with the residential boom, commercial space along the Umhlanga Ridge Town Centre has seen an incredible demand. Multinational companies, corporate law firms, schools and colleges have all taken up residence with many more companies looking to relocate their headquarters to a prime spot in Umhlanga, overlooking the Indian Ocean.
Secure your home in one of South Africa’s most sought-after destinations and have access to key beaches, shopping centres, and business hubs.