This hidden gem is located just five minutes from Southgate Mall and 15 minutes from Johannesburg’s CBD. It is within walking distance from most of the surrounding schools and just down the road from the South Downs Golf Course and Country Club.
It offers state-of-the-art security with patrolling guards and biometric access control, an intercom, electric fence and armed response. This security village also has on-site facilities such as a laundromat, convenience store, self-service car wash and kids play area.
Every apartment has a free covered parking bay and you save on monthly utility bills with pre-paid water and electricity.
|Unit Type||Size M²||Purchase Price||Rental Income||Gross Rental Return (excl capital growth)||Monthly Levies @ R14,60 p/m2||Estimated Rates and taxes (Incl Sanitation costs)||Net Rental Income pm||Net Rental Return||Projected Capital Growth (at 5% pa)||Total Return On Investment (capital growth + net rental income pa)|
|2 Bed 1 Bath (2nd Floor) Juliet balcony||45||R599 000||R5 950||11.9%||R657||R678||R4 615||9.2%||R628 950||5%||R85 333||14.2%|
|2 Bed 1 Bath (1st Floor) + Covered balcony||51||R635 000||R6 300||11.9%||R745||R702||R4 853||9.2%||R666 750||5%||R89 991||14.2%|
|2 Bed 1 Bath (Ground Floor) + Covered Patio||51||R710 000||R6 600||11.2%||R745||R722||R5 133||8.7%||R745 500||5%||R97 100||13.7%|
|2 Bed 1 Bath (2nd Floor) Juliet balcony||56||R710 000||R6 500||11.0%||R818||R752||R4 930||8.3%||R745 500||5%||R94 661||13.3%|
|2 Bed 1 Bath (1st Floor) + Covered balcony||56||R720 000||R6 600||11.0%||R818||R759||R5 023||8.4%||R756 000||5%||R96 280||13.4%|
|2 Bed 1 Bath (Ground Floor) + Covered Patio||56||R810 000||R6 900||10.2%||R818||R776||R5 307||7.9%||R850 000||5%||R104 179||12.9%|