Another prestigious development
in Midrand, due to the HUGE demand in the area we have decided to launch another
exclusive development for our investors – Locations says it
all.
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Midrand is expanding at a rapid
rate and the demand is increasing daily for rentals and home owners wanting to
buy. The area has seen remarkable growth over the past 10 years as many
businesses have settled in the area due to its prime location and proximity to
the highways and airports. Buy-to-let property investors are currently targeting
Midrand, still the fastest growing urban node in the country, to capitalise on a
steep increase in the demand for rental flats and townhouses from students,
working singles and young couples.
KEY
FEATURES:
- 2 & 3 bedroom units available
- All costs included
- High demand for tenants with high rental
income
- R20,000 will secure your unit
- Registration September 2015
- Close to ALL major routes
- Close proximity to school
INVESTMENT
SUMMARY:
2 Bed,ground
floor,
1 garage
@
R 725
900
|
2 Bed,first
floor,
1 garage
@
R 715
900
|
2 Bed,second
floor
1 garage
@
R 720
000
|
3 Bed,second
floor
2
garages
@
R1 159
000
| |
Purchase Price* (minus R20 000
deposit)
|
R 705 900
|
R 695 900
|
R 700 000
|
R 1 139
000
|
Bond Repayment @ 9 %
prime
|
R 6 465
|
R 6 373
|
R6 411
|
R10,431.72
|
Levies + Rates &
Taxes
|
R 1 335
|
R 1 335
|
R 1 335
|
R 1
335
|
Rental Management Fee
@
10%
|
R 640
|
R 640
|
R 640
|
R 850
|
Rental
Income
|
R 6 800
|
R 6 500
|
R 6 500
|
R 9
000
|
Shortfall
|
R 1
640
|
R1
848
|
R
1886
|
R 3
616
|
