The Pepper Club, touted as the hottest address in Cape Town, will forge an unique investment opportunity together with a burgeoning new lifestyle trend in the CBD. This sophisticated Long Street development, due for release in 2009, offers private as well as corporate investors a chance to get their piece of the very trendy pie that Cape Town’s city centre has become.

Set on an entire block between Long and Loop Street, this unique investment boasts panoramic views of the best that Cape Town has to offer. It's part of the vibrant Long Street life and a short drive away from the V&A Waterfront, cable car, many world famous beaches as well as offering easy access to transport routes headed for the Winelands. This development not only offers an affordable yet sophisticated physical asset for first-time investors, but also allows tenants to experience first-world exclusivity in an exciting, cosmopolitan environment.

Luxury amenities of a top hotel

The development, a 20-storey tower with 250 apartments, boasts all the important luxury amenities of a top hotel including a state of the art fitness centre, laundry and cleaning services, swimming pool and sun-deck, private movie theatre, 24-hour security, undercover parking and a concierge to attend to your every indulgent need.

“Recent development trends have seen the conversion of old office blocks into apartment complexes. The Pepper Club is unique in that it moves away from this trend to redefine the notion of elite apartment living with the construction of a brand new high-rise, with state of the art amenities and finishes, to lift the standard to a level not previously seen,” says David Solomon, chairman of Solomon Brothers Property Holdings.

At a time when investment potential in the property industry is hard to find, the launch of The Pepper Club development might just be the opportunity for savvy, young investors to gain a strong financial asset that promises both growth as well as the premium lifestyle that this up-and-coming jet-set have come to expect of the Mother City.

As an investment, the apartments are leased out on short-term lets, which allows for a projection of positive cash flow revenue from day one. The developers guarantee an interest rate of prime minus five percent on the mortgage finance, making it easier to own an income generating asset in the soul of modern downtown Cape Town.

The Pepper Club has also come along at the right time. With popular financial press stating that we are reaching the top of the interest rate cycle, it is a good time to buy, as property prices are expected to rise in the near future. “Its proximity to important tourist landmarks, beaches and shopping centres, as well as the Greenpoint stadium, puts it in the ideal position to take advantage of the major anticipated shortage of accommodation for the 2010 World Cup,” enthuses Solomon.

20 percent of the apartments sold within the first week

Solomon revealed that 20 percent of the apartments sold within the first week. "This clearly demonstrates the value and popularity of this unique investment opportunity. Each apartment features the very best of exclusive contemporary finishes with granite kitchen tops, plasma screen televisions, air-conditioning, plate-glass windows and balconies allowing for panoramic views over the city.”

There is an exclusive shopping mall on its ground level which will include the likes of health, beauty and other speciality stores. Coffee shops, fine dining restaurants and bars will spill over onto the best of night life, café culture, boutiques and antiques that Long Street has to offer.

Apartments range from studios of 34m² to luxurious penthouses of 400m² with prices ranging from R799 000 to R16.5-million.