A limited number of units are now back in the market. The purchase price of R640 000 is 20% below the actual market value.
KEY FEATURES OF THIS INVESTMENT:
· Purchase price R640,000. Ground floor units R680,000
· Current market value R799,900
· Deposit R10,000
· 2 Bedrooms with 1 full bathroom, open living area and balcony(62 sq meters)
· Under cover parking
· Rental income expected on completion R4400 pm
· Dedicated rental company will support investors to secure tenants
· Minimal monthly out of pocket expense. See cash flow situation below
· Prime location in Burgundy Estate, Plattekloof, Cape Town, South Africa
· State of the art security estate providing a safe family environment
· 9 kilometers to Blouberg Beach
· 18 kilometers to Cape Town(CBD)
· Transfer and bond registration costs included provided bond approval is done by the UVEST bond originator
· Expected transfer date: April 2010
PERFECT LOCATION:
Burgundy Estate. The development is situated in the well know Burgundy Estate. 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.
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