With two-bedroom apartments (sized 66m² to 67m²) priced from R1.1599million, and no transfer duty payable, Riaan Roos, chief executive of Multi Spectrum Property group of companies, the visionary behind Buh-Rein Estate, says investors can expect to realise rentals from R8000 a month.
The 219 apartments in blocks of three storeys have been built over three phases and are now complete. However, only 67 are still available. Blue Lily Lane has its own secure access control and covered parking.
The available units have either one bathroom, or one bathroom and an en suite, and some of the ground-floor apartments have their own private garden areas.
Roos says top-quality finishes are standard and include a gas hob, with electric oven and extractor fan, and built-in cupboards with granite kitchen tops.
The apartments all feature patios/ balconies with built-in braais. Blue Lily Lane also features green park areas for recreation.