CREATE WEALTH THROUGH PROPERTY INVESTMENT
BUY-TO-LET OPPORTUNITY
FERN VALLEY APARTMENTS
- FERNDALE -
COMPLETE
2 Bedroom 1 Bathroom Apartments
BUY-TO-LET INVESTMENT
Fern Valley Apartments
Apartments for Sale. Ferndale. Randburg.
Priced from R850 000
GUARANTEED RENTAL INCOME FOR 6 MONTHS
-
Gross rental yields of up to 16.5%
-
Net rental yields of up to 12.5%
-
R84 000 p/a projected rental income
- COMPLETE
- Up to 100% bond financing available
- Bond & registration fees included
- No transfer duty
R84 000 p/a projected rental income
Gross returns on investment up to 16.5%
Investment benefits
-
Ready for occupation in August 2022
-
Guaranteed rental income for 6-months
-
Gross rental yields of up to 16.5%
-
Net rental yields of up to 12.5%
-
Projected rental income from R7000 per month
-
R84 000 p/a projected rental income
-
Prime location with high demand from tenants
-
Section 13sex tax incentive applicable
-
Free rental management during rental guarantee period
-
Buy direct from developer
-
Transfer & bond registration fees included
-
No transfer duty payable
-
Building insurance & external maintenance covered in levy
-
Up to 100% bond financing available
-
Finance your bond directly through Renprop
-
Only pay first bond installment on registration
-
Only R20 000 reservation deposit required (Refundable if financing is not be approved)
-
Full rental management available after 6-months**
Introducing Fern Valley
Simple, minimalist building design, incorporating clean lines and a modern feel. Designed by renowned architects, Messaris Wapenaar Cole Architects. Open-plan living including your kitchen, dining and living room, leading out onto a balcony or garden, for the ground floor units. Kitchen has space for 2 appliances. Spacious, light bedrooms, that fit queen sized beds, both leading onto the living area. Bathrooms include a bath/shower combo fitted with a glass door. Bedrooms are well-designed with lots of cupboard space.
Uncapped wifi included. One parking bay per unit. Visitors parking. 24hr security with on site guard.
Perfectly located in Randburg, on the border of Bryanston, on Vale Road. Walking distance to main transport routes and surrounded by all amenities, including Ferndale Village Shopping Centre.
Unit Plans
2 Bed 1 Bath - Standard Layout
Selling from:
R 850 000
2 Bedroom 1 Bathroom Apartment
Unit size: 60 - 70m2
Top investment criteria:
- Guaranteed rental income for 6-months
- Gross rental yield of up to 16.5%
- Net rental yield of up to 12.5%
- Bond & registration fees included
- No transfer duty
- Full rental & tenant management available after 6-months*
- Projected rental income from R7000 per month
Financial Analysis Example
Purchase price:
R 892 500.00
Guaranteed rental income:
R 12 300.00 per month
For a 6-month period
Estimated Bond Repayments:
90% bond over 20 years -
R 8 704.88
Estimated Monthly Costs:
Rates - R 434.06
Refuse - R 316.25
Levy - R 1 596.76
Sewage - R 654.00
Total monthly costs: R 3 001.07
Investment case:
Gross rental yield:
16.5%
Net rental yield:
12.5%
Estimated surplus per month:
R 594.06
Location
Travel
-
Malibongwe Drive - 2km
-
Braam Fischer / Main Rd - 3km
-
Gautrain Station (Sandton) - 9km
Education
-
Bryandale Primary - 4km
-
Ferndale High School - 2km
-
Damelin - 5.2km
Shopping & Recreation
-
Ferndale Village - 1.3km
-
Ferndale on Republic - 4km
-
MacDonalds / KFC - 3km
Medical / Emergancy
-
SAPS Randburg - 900m
-
Netcare Olivedale Hospital - 4.1km
-
Sandton Medi-Clinic - 3km
**Full rental management
The Rentals Asset Management Division has a well-developed competency in the residential market that manages rental assets on behalf of private and institutional investors. We offer an end-to-end solution where care is taken in each step of the process.
-
Sourcing the IDEAL TENANT (with ITC, reference, and affordability insight),
-
MANAGE COLLECTIONS and all communications with tenants,
-
Resolving MAINTENANCE matters, and completing with approval by owner.
This service is available after your rental income guarantee period has expired.
