Sole Mandate

1 Bedroom apartment for sale in Observatory, Cape Town

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Property Features

ERF Size 0 m²

Interior Features

1 Bedroom
1 Lounge
2 Bathrooms

Exterior Features

1 Parking Space

One bedroom mountain facing apartment with guaranteed rental

own an apartment for only R1013 per month with a guaranteed rental

Secure, luxury apartment in the sought-after Paragon development at the corner Cnr Main Rd and Bowden Rd, Observatory.

See Calculations below:

Apartment Price: R1 500 000
10% Deposit: R150 000
Bond needed: R1 350 000
Transfer Duty: R18 750
Upfront cash needed: R168 750
Rates: R672
Levies: R1 758
Bond Instalments at prime 7.75%: R11 083
Guaranteed Rental: R12 500
Shortfall per month: R1 013

With UCT's main campus situated only 2km’s away and UCT's Medical campus a short 300m walk, The Paragon is ideally situated for UCT students. The Jammie Shuttle stop is located a few hundred meters form the entrance to the building. With St. Peters Square shopping mall on your doorstep there is no need to drive to purchase groceries. For young professionals, The Paragon is well located as Cape Town’s CBD is a short 10-minute drive away and the airport is just 14km away.

One undercover parking bay is included.
Furniture is optional at R 75 000

The building offers access and use of the pool and braai area as well as a laundry and gym.

Biometric access controls * 24hr security * CCTV cameras * Electric perimeter fencing * 2 levels of secure underground parking with visitors bays.

Contact the agent

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222 Main Road, Rondebosch

Bond repayment calculator

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*based on purchase price at Prime over 20 years

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