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Welcome to Summer Terraces

Nestled in the serene heart of Glencairn, Summer Terraces beckons as the ultimate retreat from the hustle and bustle of daily life. Imagine waking up to breath taking panoramic sea views right at your doorstep – this development promises a living experience unlike any other.

Step into the tranquillity of your future home, where every modern luxury has been meticulously crafted for your comfort. This one-of-a-kind development, proudly presented by The Tintswalo Property Group, eagerly awaits your exploration, offering a haven of peace and relaxation.

  • Priced from R4.945 million
  • Two, three and four-bedroom townhouses available
  • 235 Glencaird Rd, Glencairn
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Your Home Awaits

At Summer Terraces, the options are endless as you select from a variety of meticulously crafted two, three and four-bedroom townhouses, each boasting generous outdoor entertainment areas. With 20 distinctive homes to choose from, your perfect match awaits, just waiting for your personal touch to make it complete.

Step into luxury living with each unit thoughtfully designed with top-tier Smeg appliances and stylish, upscale finishes, ensuring a seamless move-in experience. And let’s not forget the breathtaking sea views as your daily backdrop, what’s not to love?

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Seaside Serenity

Nestled in the heart of Glencairn, positioned snugly between Glencairn Beach and Tidal Pools, this location exudes a rare charm, offering an unmatched quality of life.

Renowned for its natural beauty, the area boasts pristine beaches, lush greenery, and a wealth of outdoor recreational activities such as hiking, surfing, and whale watching.

Residents here delight in a tight-knit community, coupled with convenient access to top-tier schools, shops and restaurants. With its picturesque coastal backdrop, lively cultural scene, and laid-back lifestyle, Glencairn epitomises the essence of South African living at its finest.

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Development Overview

Filled with Features

Summer Terraces isn’t just a place to live; it’s your retreat from the daily grind – a doorway to your own personal oasis, complete with every luxury you could wish for. Surrounded by stunning sea views, immerse yourself in a harmonious fusions of contemporary style and classic elegance.

Inside the townhouses, indulge in nothing less than top-tier finishes and appliances, creating an atmosphere of modern luxury. Security is paramount, with bio-metric access control and secure parking within this gated community, ensuring residents enjoy a tranquil haven of peace and safety.

  • Located in prime Glencairn
  • Incredible sea views
  • Enhanced security
  • High-speed fibre connectivity
  • Pet-friendly community
  • Optional extras: Back up power & Air-conditioning
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Endless Possibilities

For those thinking about the future, Summer Terraces offers an irresistible investment opportunity. Capitalise on Cape Town’s acclaim as a top tourist destination, with potential for stable long-term income. It’s not just about financial gains; it’s about becoming an integral part of Glencairn’s vibrant lifestyle.

Amenities and Attractions

Fish Hoek Primary and High School

Cape Point Nature Reserve

Glencairn Beach

Deep South Eatery

Blended Health Cafe

Boulders Beach

Essential Services

Harbour Bay Medical Centre

Advanced Harbour Bay Surgical Centre

Ocean Edge Fitness

Harbour Bay Mall

Eat Surf Yoga

Investment Highlights

Only a 10% deposit required
Sectional title purchase
No transfer duties
Projected monthly rental of R35 000 - R75 000
Project completion estimated for 2025
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FREQUENTLY ASKED QUESTIONS

The Developers

The Tintswalo Property Group prides itself in developing valuable assets of enduring quality and integrity. The family’s thorough understanding of the unique South African context and its core principles of financial feasibility and sustainability, combined with design and aesthetic vision, consistently make for sound property investment opportunities throughout Southern Africa.

https://www.tintswalo.property/

The Architects

Cindi Janse van Vuuren graduated from the University of Pretoria with a bachelor of science in architecture in 2014. Working under the creative management of Simon Mounord and Stefan Rademan at KUBE architecture, she gained invaluable experience in both the practical and beautiful life of architecture within the Western Cape. Cindi opened the doors of STUDIO THREE21 in March 2022.

HesterSpeth Architecture & Design is a Cape Town Based practice, with Hester Stephanie Potgieter as current director. Since the establishment of the company in 2013, we have been involved in a diverse body of work ranging in scale, with a primary focus on residential projects.

Stephanie has 13 years of experience in public architecture, residential architecture, urban design, and construction management. Steph has been a registered professional architect (P.Arch 22170) with SACAP (South African Institute of Architecture) since 2011.

The two companies, StudioThree21 & Hester Steph Architecture, have joined forces to work together on larger scale projects across the Cape Peninsula and beyond.

Transferring Attorney

Established in 1900, STBB is a firm of approximately 90 business-minded lawyers practicing from 12 branches throughout South Africa. By understanding our clients’ needs and objectives, we strive to deliver cost-effective legal solutions for all business and personal matters. We are committed to developing close working relationships with our clients, enabling us to succeed consistently on their behalf. Big represents our reach and professionalism. Small is our personal approach to our work and our clients.

https://stbb.co.za/

Finance Originator

Since it was founded in 2000, BetterBond has grown to become the largest bond originator in South Africa, with specialist experience in the property industry and more than 20 branches nationwide supporting our real estate partners and customers. We take special pride in assisting first-time buyers to realise their dreams of homeownership, by offering expert assistance and support at every step of the home loan application process More than a million South Africans have become homeowners thanks to our services and our approval rates are industry leading.

https://www.betterbond.co.za/

When do I start paying my bond?

Bond repayments will commence once the property has been transferred to your name and the bank has settled the payment to the seller.

Bond registration costs

Bond costs are payable at the time that the bond registers, once the development is complete

Transfer Duty and Transfer Costs

Transfer Duty is a tax levied on the purchase of a property in South Africa over R1 050 000. When purchasing into a new development, the price includes VAT and therefore leading to a substantial saving to the Purchaser as no Transfer Duty is applicable. 

Transfer Costs are the relevant administration and legal costs that a Purchaser would pay to the conveyancer/transfer attorney. In this case this would be STBB.

Address

235 Glencaird Rd, Glencairn, Cape Town, 7975

Key Nearby Locations

  • Generation School
  • Bay Primary
  • Cape Point Nature Reserve
  • Silvermine Nature Reserve
  • Boulders Beach
  • Glencairn Beach
  • Deep South Eatery
  • Pizza Khaya
  • Blended Health Cafe
  • Kalk Bay
  • Harbour Bay Medical Centre
  • Advanced Harbour Bay Surgical Centre
  • Ocean Edge Fitness
  • Harbour Bay Mall
  • Eat Surf Yoga
  • Glencairn Stables

Pet Policy

Summer Terraces is pet-friendly. The ongoing management of this will be for the future home owners to decide.

Estimated Completion Date

Completion is estimated for 2025.

Security Features

  • Access control into the estate
  • Electric fencing around the perimeter of the estate

When will we be able to move in/find a tenant?

After the completion of the reservation and sale agreement, the transfer process will commence. Occupation will be given as soon as an occupation certificate is granted. You will be able to occupy or rent out your apartment from the date of occupation.

Buying off-plan

  • Cape Town sees an average annual capital growth of 7%, so your property value is growing at roughly 7% pa but you are only required to put down 10%-30% of the development value when securing your home. The balance is only due on transfer (on project completion). 
  • This means you are getting growth on the full purchase price of the property during the marketing and construction period while  only having to put down a fraction of the purchase price at the start of the project. 
  • By purchasing into a development, you also save a substantial amount by not paying Transfer Duty on the purchase. For example if you were to purchase an existing property for R6 000 000, you would pay approximately R460 000 just in Transfer Duty. In Summer Terraces, you do not pay Transfer Duty and therefore save R460 000.  
  • The benefits of purchasing in a new development also come in the form of guarantees and warranties on the building and appliances. For example the development will be registered with the NHBRC which is a form of insurance in which protects Purchasers on new buildings for a 5 year period.

How to Purchase Your Unit?

  • Reserve your home online via our website on Launch Day – 5 March 2024  
  • Sign your sale agreement
  • Pay your deposit to STBB 
  • Apply for finance which is to be  secured within 21 days utilizing our in house bond originators BetterBond
  • Construction of the estate will commence and you will take transfer upon completion of the development

What do my levies cover?

  • Insurances 
  • Security 
  • Communal electricity & water 
  • Landscaping 
  • Repairs and maintenance

How is electricity and water billed?

  • Electricity will be billed and measured through pre-paid electricity meters in each home 
  • Water will be billed through the City Of Cape Town and will be visible on your monthly municipal account

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