Exclusive Villas
3
in Green Point
From
€806,000
R15,950,000 incl. VAT
Net Yield
Up to 15.2%
Projected
VAT Refundable
Up to R12.5M
Across all 3 villas
Estimated figures. See disclaimer below
A prime address in Green Point
Mirage Villas
Mirage is a collection of three fully furnished luxury villas in Green
Point, Cape Town. Designed for the discerning few, each residence
blends architectural brilliance with the breathtaking backdrop of
Lion’s Head and the Atlantic Ocean. Immediate occupation
available.
THE COLLECTION
Luxury villa in Cape Town's Atlantic Seaboard
Each villa balances private outdoor living, strong design, and immediate occupation with a different mix of size, layout, and income potential.
PH1
The Lion's Crown Villa
5 bedrooms . 5.5 bathrooms
400 m² internal space . 220 m² sky deck and balcony
10 m swimming pool. Double garage · Elevator
PRICE
R45,000,000
~€2,275,000
NET YIELD
14.7%
R478,347 / month
PH2
The Atlantic View Villa
3 bedrooms . 3.5 bathrooms
289 m² internal space . 40 m² private garden
1 jacuzzi
PRICE
R35,000,000
~€1,770,000
NET YIELD
11.2%
R284,384 / month
PH3
The Mirage Garden Villa
2 bedrooms. 2 bathrooms
150 m² internal space. 100 m² garden space.
1 private pool. 1 wrap-around luxury balcony
PRICE
R15,950,000
~€806,000
NET YIELD
15.2%
R175,592 / month
Estimated figures. See disclaimer below
INVESTMENT PERFORMANCE
Projected Returns
Luxury ownership with a strong investment case.
Villa 1
THE LION'S CROWN
14.7%
R45,000,000
~€2,275,000
MONTHLY INCOME
R478,347
Higher-end scenario
Villa 2
The Atlantic View Villa
11.2%
R35,000,000
~€1,770,000
MONTHLY INCOME
R284,384
Higher-end scenario
Villa 3
THE MIRAGE GARDEN
15.2%
R15,950,000
~€806,000
MONTHLY INCOME
R175,592
Higher-end scenario
Projections are illustrative only, based on Atlantic Seaboard comparable STR market data at March 2026. Occupancy modelled at 75%. Net yields
calculated after platform fees (18%), management fees (15%), City of Cape Town rates, and body corporate levies, on net purchase price after VAT
refund. Actual performance may vary. Independent financial advice is recommended.
EUROPEAN MARKET COMPARISON
What ~€800,000 Buys You
In prime residential property
MONACO
~13m² of real estate
Parking-bay sized
2–3%
CÔTE D'AZUR
2-bed apartment
no garden . no pool
3–4%
AMSTERDAM
85m² canal flat
No outdoor space · Wealth tax
3–5%
LONDON · CHELSEA
Studio / 1-bed
Short-term leasehold
3–4%
MUNICH
55m² apartment
Wealth tax applies
2–3%
LISBON · CHIADO
2-bed apartment
No private garden or pool
4–5%
CAPE TOWN · MIRAGE . VILLA 3 . The Mirage Garden Villa
150m² luxury villa
Private pool
Fire pit
100m² garden
Lion's Head views
Fully furnished
STR APPROVED
NO WEALTH TAX
VAT RECOVERABLE
IMMEDIATE INCOME
9.7–15.2%
Estimated figures. See disclaimer below
FULL COMPARISON
Key Investment Metrics
CAPE TOWN
MONACO
AMSTERDAM
LONDON
Prime price / m²
€2,500–4,000
€45,000–65,000
€8,000–14,000
€16,000–28,000
Net STR yield
9.7–15.2%
2–3%
3–5%
3–4%
Long-term rental yield
5-8%
1.5-2.5%
3-4%
2.5-3.5%
Capital appreciation (5yr outlook)
Strong
Flat–Moderate
Moderate
Moderate
VAT recoverable on purchase
YES
No
Partial
No
Annual wealth / property tax
None
Yes
Box 3 wealth tax
Council tax
Currency advantage (EUR entry)
Strong
—
—
GBP risk
Estimated figures. See disclaimer below
YOUR INVESTMENT JOURNEY
How It Works for European Investors
1
Register a South African Company
A foreign national can be the 100% director and shareholder. You do not need to be in South Africa. Registration takes 5–10 business days.
2
Claim Back VAT on Purchase
Register for VAT with SARS. Short-term rental qualifies as a commercial enterprise, allowing you to claim back 15% VAT on the purchase price.
3
Finance at up to 50% LTV (not 50–65%)
SA banks offer finance to non-resident buyers at up to 50% loan-to-value. Denominated in ZAR — advantageous for EUR buyers.
4
Earn Rental Income from Day One
Mirage is STR-approved and fully operational. All villas are generating rental income now.
5
Repatriate Your Profits
No exchange control restrictions on dividend repatriation for non-residents. Withholding tax reduced to 7.5% for German residents under the SA–Germany Double Taxation Agreement.
South Africa has no annual wealth tax or property tax beyond municipal rates. Independent cross-border tax advice
is recommended.
Location
One of Cape Town’s most sought-after addresses
Everything within reach
Connected to nature & city life
Green Point is one of the most vibrant neighbourhoods on Cape Town’s Atlantic Seaboard. Known for its blend of natural beauty, coastal living, and proximity to the city centre, the suburb offers an exceptional lifestyle for residents and visitors alike.
Sea Point Promenade: 1 km
Green Point Park: 800 m
V&A Waterfront: 3 km
Lion’s Head Trail: 4 km
Cape Town CBD: 4.5 km
The team behind Mirage
A Decade of Luxury Development
Mardispace Property Developments
A portfolio of luxury developments
Mardispace Property Developments is a boutique property development company specialising in luxury residential projects.
With over ten years of experience and more than twelve developments completed, the team focuses on delivering high-quality homes designed for modern living.
10+
Years of Development Experience
12
Completed Development Projects
Your dedicated sales contact
Request pricing, availability, and the investor brochure.
Sales Contact
Riaan du Toit
Sales Manager at Mardispace
Contact Riaan directly for pricing, availability, and guidance on the residence that best fits your purchase goals.
An exclusive luxury villa in Cape Town’s Atlantic Seaboard.
A property development company specialising in luxury residential projects, with over 10 years of experience.
Investment Disclaimer
Projections are illustrative only, based on Atlantic Seaboard comparable STR market data at March 2026.
Occupancy modelled at 75%.
Net yields
calculated after platform fees (18%), management fees (15%), City of Cape Town rates, and body corporate levies, on net purchase price after VAT
refund.
Actual performance may vary. Independent financial advice is recommended.
© 2026 Mirage. A Mardispace Property Development.
