CREATE WEALTH THROUGH PROPERTY INVESTMENT
BUY-TO-LET OPPORTUNITY
THE VIEW APARTMENTS
- MORNINGSIDE -
OFF THE GRID STRESS FREE LIVING
COMPLETE
Studios. 1 Beds. 2 Beds.
BUY-TO-LET INVESTMENT
The View Apartments
Apartments for Sale. Morningside. Sandton.
Priced from R 1 010 540
GUARANTEED RENTAL INCOME FOR 1-YEAR
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Gross rental yields of up to 13%
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Net rental yields of up to 11%
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Min R90 000 p/a projected rental income
- BACKUP GENERATOR & WATER
- READY TO GO UNCAPPED WIFI
- Up to 100% bond financing available
- Bond & registration fees included
- No transfer duty
Min R90 000 p/a projected rental income
Gross returns on investment up to 10.7%
Investment benefits
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READY FOR OCCUPATION
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Guaranteed rental income for 1-year
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Gross rental yields of up to 13%
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Net rental yields of up to 11%
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Projected rental income from R7500 per month
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Min R90 000 p/a projected rental income
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Prime location with high demand from tenants
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Section 13sex tax incentives applicable
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Free rental management during rental guarantee period
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Buy direct from developer
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Transfer & bond registration fees included
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No transfer duty payable
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Building insurance & external maintenance covered in levy
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Up to 100% bond financing available
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Finance your bond directly through Renprop
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Only pay first bond installment on registration
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Only R20 000 reservation deposit required (Refundable if financing is not be approved)
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Full rental management available after 1-year**
Introducing The View
134 well-designed apartments. Modern inspired design, 4-storey apartment development. Layouts include studios, 1 and 2 bedroom units, ground floor units with terraces. Carefully thought out space planning and finishes. Open-plan living including your kitchen, dining and living room, leading out onto a balcony or terrace. Spacious, light bedrooms. Bedrooms are well-designed with lots of cupboard space.
Concierge, lift access to all floors, meeting rooms, basement parking, 24hr security with on site guards and complex pool.
Perfectly situated in Morningside, 10min from Sandton CBD and the N1 Rivonia interchange, just off Rivonia Road. Walking distance to The Wedge Shopping Centre and Planet Fitness gym.
Unit Plans
Studio
Selling from:
R 1 010 540
Studio Apartment
Unit size: 43m2
Top investment criteria:
- Guaranteed rental income for 1-year
- Gross rental yield of up to 13%
- Net rental yield of up to 11%
- Bond & registration fees included
- No transfer duty
- Full rental & tenant management available after 1-year*
- Projected rental income from R7500 per month
1 Bed 1 Bath
Selling from:
R 1 324 000
1 Bedroom 1 Bathroom Apartment
Unit size: 50m2
Top investment criteria:
- Guaranteed rental income for 1-year
- Gross rental yield of up to 10.5%
- Net rental yield of up to 8%
- Bond & registration fees included
- No transfer duty
- Full rental & tenant management available after 1-year*
- Projected rental income from R9500 per month
2 Bed 2 Bath
Selling from:
R 1 949 000
2 Bedroom 2 Bathroom Apartment
Unit size: 80m2
Top investment criteria:
- Guaranteed rental income for 1-year
- Gross rental yield of up to 10.3%
- Net rental yield of up to 8%
- Bond & registration fees included
- No transfer duty
- Full rental & tenant management available after 1-year*
- Projected rental income from R12 500 per month
Financial Analysis Example
STUDIO APARTMENT
Purchase price:
R 1 010 540.00
Guaranteed rental income:
R 12 600.00 per month
For 1-year
Estimated Bond Repayments:
90% bond over 20 years -
R 9 747.79
Estimated Monthly Costs:
Rates - R 616.35
Refuse - R 353.05
Levy - R 945.33
Sewage - R 704.47
Total monthly costs: R 2 619.20
Investment case:
Gross rental yield:
13%
Net rental yield:
11%
Cash Flow Positive - Year-1
R233.01
Development Features
Development Features
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Complete - ready for occupation
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Ground floor units, some with terraces
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1st - 3rd floors with balconies
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Studio, 1 Bed & 2 Bed Apartments
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Well-thought out space planning
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Open-plan living
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Kitchen has stone countertops
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Electric oven with counter hob
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Built-in cupboards in bedrooms
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Modern sanitary fittings and bathroom accessories
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Tiled living area for easy maintenance
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Prepaid electricity meters
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Concierge and meeting room
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Lift access to all floors
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Basement parking
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24hr security with on site guards
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Complex pool
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Visitors parking
Take a look inside
Location
Travel
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Rivonia Road - 270m
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Sandton CBD - 4.7km
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Gautrain Station (Sandton) - 4.4km
Education
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Redhill School - 1.5km
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Sandton Junior Morningside Pre-Primary - 2.3km
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The IIE's Varsity College Sandton - 4.3km
Shopping & Recreation
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The Wedge Shopping Centre - 400m
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Planet Fitness Morningside - 400m
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Morningside Shopping Centre - 1.7km
Medical / Emergancy
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SAPS Sandton - 1.1km
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Mediclinic Morningside Hospital - 2.9km
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Netcare Sunninghill Hospital - 5.3km
**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.
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Sourcing the IDEAL TENANT (with ITC, reference, and affordability insight),
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MANAGE COLLECTIONS and all communications with tenants,
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Resolving MAINTENANCE matters, and completing with approval by owner.
This service is available after your rental income guarantee period has expired.
*Terms and conditions:
Gross and net rental yields are based on a 12-month rental guaranteed period.
Interest rate is based on current prime interest rate of 11.75%
All costs are estimated.
All projections are based on current market.