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Green Point, with its close proximity to the V&A Waterfront, the Cape Quarter and the buzz of the CBD, has an urban energy similar to other global hot spots, from London’s Soho to New York’s Tribeca. Somerset Road forms the main artery, with its club life, design & décor centres and top-flight restaurants. Cape Town Stadium adds further dynamism and appeal to Green Point, lending it a contemporary grandeur.

Green Point has experienced a surge in popularity over the last few years, and good news for investors is that the area has been designated a City Improvement District, i.e. “a geographically defined area where ratepayers agree, in a legal contract with the City Council, to provide supplementary services in that area. This is done through a levy on the total amount of basic property rates, that is, land and building value, paid by the ratepayers in the area.”

The result is enhanced management and top-up services, including security, cleaning and marketing; all of which reinforce the Green Point area as the ideal hub for business, residential prospects, leisure and entertainment. The CID does not replace services provided by local authorities; but it augments them and helps maximise the area’s efficiency, safety, growth and attractiveness to investors and visitors. For more information on the CID initiative see www.greenpointcid.co.za

   

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