Sole Mandate

2 Bedroom apartment for sale in Protea Heights, Brackenfell

R1,322,000
  1. 2
  2. 1
  3. Web Ref: 1023261
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Property Features

ERF Size 32,599.000 ha
Rates R500 per month
Building Size 59m²
Sectional Title Levies R1,000

Interior Features

2 Bedrooms
1 Lounge
1 Bathroom

BRAND NEW DEVELOPMENT _ GRANDEUR ESTATE.

GRANDEUR ESTATE: This Secure Complex of 129 units consists of houses, duplexes and apartments located in a safe environment, ideal for the whole family. The entrance is North-facing, out of the well-known Angelier Street in Brackenfell South.

This Brick and Board Development offers top of the range finishes and the same high quality shown by them over the last 20 years. Investors kicked off the first 10-25% of sales for phase 1 and the property is expected to show a significant growth before the developer launches phases 2 and 3.

With it’s popular location and remaining open land available for development, you can expect a solid prime estate that will have a positive effect on property prices in the area. Available unit options (plans) were hand-picked by a professional team to ensure that the estate caters for the young modern family, from a two bedroom apartment to a three bedroom with a double garage (172sqm house). Top of the range access control ensures secure living and peace-of-mind.Buyers will be able to customise their interiors, from choosing a colour for their kitchen cupboards to the tiles in the living areas and either carpets or laminate flooring in the bedrooms. All kitchens feature granite tops and a built-in oven, stove and extractor.

Rental returns are projected to bring in in the region of R100,000 per annum, yielding a gross rental return of 9%. When coupled with capital growth, the return on investment has the potential to exceed 16% per year. A R25,000 deposit, payable upon signature of the agreement of sale, will secure your opportunity to purchase a property, with you only starting to repay the mortgage bond in 2021 (upon taking transfer). All prices include VAT and transfer costs.

Location

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