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Key selling points
- Rental guarantee of R5,000 pm for 24 months
- Only a R20,000 deposit
- No transfer or bond registration costs
- Minimal capital outlay required over two years
- Affordable investment unit for only R599900
- Well respected developer in South Africa
We are offering our investors a last opportunity to invest in a new off plan property development. This is our last new investment opportunity for 2006. The benefits offered to investors and the main details of the development are reflected below:
- Only a R20,000 deposit
- R5,000 rental guarantee for 24 months
- Transfer date July 2007
- No transfer or bond registration costs
- Minimal capital outlay required over two years
- Development in the Strand Security complex with large open spaces
- Two bedroom flat units and one full bathroom
- Purchase price R599,900
- New shopping centre and business park to be developed close to this development next year
CASH FLOW SITUATION FOR THE FIRST 2 YEARS AFTER THE DATE OF REGISTRATION
- Bond repayment over 30 years at 11 % : R 5522 pm
- Plus estimated levies : R 450 pm
- Total monthly costs : R 5972 pm
- Less guaranteed rental assistance : R 5000 pm
- Out of pocket expense : R 972 pm
The 2010 World Cup Soccer is around the corner. The property market is expected to lift its head high again from 2008 building up to 2010. In a news paper article in South Africa of the 19 November 2006, it is stated by property specialists that they expect that property prices in certain select areas could costs four times more in 2010. They state that mega-events as this one, always have a positive influence over property prices. Now is the right time to buy before property prices take off again.
Property is a sound investment over the long term and a well structured offering like the one above, has never disappointed property investors. If you are interested to invest in this sound investment opportunity.
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