Archive for the ‘Western Cape’ Category

Green Acre Terraces - Strand

Wednesday, July 25th, 2007

AFFORDABLE PROPERTY INVESTMENT IN STRAND

5 MIN FROM THE BEACH

ONLY R 619 900.00

24 MONTHS RENTAL ASSISTANCE OF R4 800 P/M 

+ RENTAL INCOME

NO SHORTFALL FOR 2 YEARS

One of our suppliers have been able to secure an additional 30 units in this development. They negotiated a rental assistance at R 4800.00 per month for a full two year period.Not only will you receive R4 800.00 a month but also the income from your tenant.

The benefits offered to investors and the main details of the development are reflected below:

  • Only a R 20 000.00 deposit. Deposit will be refunded on date of registration if a 100% bond facility
    is obtained.
  • Occupation date November 2007
  • No transfer or bond registration costs.
  • Development in Strand
  • Security complex with large open spaces
  • Two bedroom flat units (61 sq meters) and one full bathroom
  • New shopping centre and business park to be developed close to this development

Cash Flow Situation for the First Year after Date of Registration:

Full Bond Amount 

R619 900
Bond Repayment over 30 yrs @ 11.5%

R6 138 pm
Plus Estimated Levies

R450 pm
Total Monthly Costs

R6 588 pm
Less: Expected Rental Income

R2 200 pm
Less: Rental Assistance

R4 800 pm
Positive Cash Flow

R 412 pm

If you are interested to invest in this sound investment opportunity, please post a comment on this post with your full contact details included and any questions you may have. Also remember to subscribe to our mailing list to receive updates for future investment opportunities.

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