2 Bed Apartment in Gordon's Bay Location South Africa Western Cape Cape Town Gordon's Bay Available units    2 bedroom flat 64m2 - 64m2 from 599900 ZAR to 609900 ZAR Delivery date: March 2008 Max rental return: 10.6% Mortgage calculator Add to shortlist Property ID: 303947          Description Key selling points Rental guarantee provided Low deposit Good location in a coastal town surrounded by mountains Affordable accommodation Good rental income over the holiday periods No transfer or bond registration costs payable SPECIAL PRE-LAUNCH OFFER.  NO CAPITAL OUTLAY REQUIRED FOR THE NEXT 20 MONTHS.  OBTAIN FREE CAPITAL GROWTH OVER THIS PERIOD. RENTAL GUARANTEE PROVIDED.  PRE-LAUNCH BANK APPROVALS OBTAINED FOR 100% BOND FACILITIES We are again able to offer you a pre-launch special offer for the next three weeks before the developer commence with his marketing drive to the general public.  EXECUTIVE SUMMARY 2 Bedroom flat units of 64 sq meters on a 9 hole golf estate Ground Floor R609,900. First floor R599,900 Deposit of R20,000 which is refunded on date of transfer if a 100% bond facility is obtained No transfer or bond costs Transfer date only March 2008 Rental assistance of R5,300 pm for 12 months from the date of registration of the unit. Investor could also rent out their unit. The rental assistance and the tenant income will more than cover the bond repayments and levies for the first year after the date of registration An opportunity is presented to investors to gain free capital growth for nearly two years from the date of purchase on the full purchase price with no capital investment being made by the investor Cash Flow Situation for the First Year after Date of Registration: Full Bond Amount : R599,900  Bond Repayment over 30 yrs @ 11,5%                       : R 5,940 pm Plus Estimated Levies                                                     : R 450 pm Total Monthly Costs                                                           : R 6,390 pm Less: Expected Rental Income                                       : R 2,500 pm Less: Rental Assistance                                                   : R 5,300 pm Out of Pocket Expenses (Positive Cash flow)              : R 1 410 pm If you are interested to secure an unit for before the opportunities are released to the general market, please let me know via e-mail. The financial structure being offered to the general public might not be as attractive as being offered at this early stage. Full details of the investment opportunity will be provided on request .                  Make an enquiry: TheMoveChannel.com is a property listing platform for estate agents, developers and private owners. For further details of the properties listed on the site, you must register/login and make an enquiry using the form that will appear on this page. Your enquiry email will then be sent directly to the person or company responsible for listing the property. Click here to register Email: Password: (forgot your password?) Loyalty bonus: minimum £25 from TheMoveChannel.com on completion when you buy this property. Click here for details of our loyalty scheme                 Get emails featuring more properties like this! Properties like this regularly feature in email newsletters that you are not signed up to. Opt in to receive newsletters by checking any relevant boxes below: Enter your Email:  South Africa News Global Investment Overseas Showcase

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