Monthly Bond Repayment R10,492.56
Calculated over 20 years at 11.25% with no deposit.
INVESTMENT PROPERTY WITH GOOD RETURNS!!!! TWO UNITS FOR THE PRICE OF ONE!
The property is targeted at investors looking for rental income. It is one unit in a complex. The unit is divided into 2 portions, like all the units in the complex. They have been built to look like 2 separate units but at the deeds office, it is 1 unit. Each owner gets 2 rental incomes from 2 separate tenants but pays only 1 levy to the Body Corporate and 1 rates and taxes to the municipality. Each portion of the unit has a kitchen with a gas stove for cheap cooking, granite countertops, with open plan lounge, a separate bedroom, and a bathroom (mes). So in total, the 1 unit comprises 2 kitchens, 2 open plan lounges, 2 bedrooms, and 2 bathrooms. Each portion of the unit has pre-paid electricity and water. The complex has a pool, clubhouse, braai facilities, 24hr security and is close to several amenities shopping centers and schools. Easy access to the Highway.
OTHER COSTS:
Maintenance levy : R454.00
Domestic Effluent : R704.47
Water Levy : R42.08
CSOS : R36.49
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