Purchase price R639 900 for the first floor units. Ground floor units R649 900.
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Best priced property investment in Burgundy Estate.
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Deposit of only R20 000 required.
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2 Bedrooms with 1 full bathroom, open living area and balcony (62 sq meters).
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Quality finishes
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Fully fitted kitchens
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Rental income expected on completion R4600pm
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Dedicated rental company will support investors to ensure only quality tenants are appointed
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Minimal monthly out of pocket expense. See cash flow projections below
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Prime location in Burgundy Estate, Plattekloof, Cape Town, South Africa
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State of the art security estate providing a safe family environment
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9 kilometers to Blouberg Beach
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13 kilometers to Cape Town (CBD) and the Internation Airport
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Transfer and bond registration costs included
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Expected transfer date: First quarter 2011.
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This offers investors a fixed discounted price for 9 months and the opportunity to obtain free capital growth.
PROJECTED CASH FLOW SITUATION FOR THE FIRST YEAR:
Cash Flow Summary:
YEAR 1
Full Bond Amount
R 639 900
Bond Repayment per month over 20 yrs @ 10% #
R 6 175
Plus Estimated Rates and Taxes per month
R 200
Estimated Levies
R 600
TOTAL MONTHLY COSTS
R 6 975
Less: Expected Rental Income
R 4 600
MONTHLY OUT of POCKET EXPENSES
R 2 375
# Rate not guaranteed.
PERFECT LOCATION:
Burgundy Estate - The development is situated in the well known BurgundyEstate. It is a state of the art security estate on the historic Sir De Villiers Graaf farm, De Grendal. It is a unique lifestyle estate, planned to provide the residents with a pleasant living environment that caters for all the requirements of the modern lifestyle. The main focus is to create a safe family environment. The estate makes on-site provision for Churches, schools, crèche, retail outlets and public open spaces. There are cycling and pedestrian paths, Eco-controlled landscaping, perimeter security, access security as well as security patrols within the estate. This estate has it all.
Given the location just off the N7 (Plattekloof Road off ramp) and Plattekloof Road, the Estate promises to be very popular because of its easy access to commuters to Cape Town CBD, Milnerton, Blouberg, Parow, Bellville, Durbanville and West Coast areas.
If you require my support to discuss this investment in more detail to enable you to make an informed investment decision, please let me know.
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