1 Bedroom apartment for sale in Newlands, Cape Town
Web Ref: 1044308
Own a buy-to-let apartment for *R996 per month.
How does it work that you only have to pay R 996 per month?
This deal is a buy-to-let investment deal and not apply if you plan to live there.
Here’s how we calculate the offering:
Micro Apartment Price R1,550,000 incl. VAT
Launch Special R1,350,000 incl. VAT
How does it work?
You as the purchaser put 10% deposit down = R135 000
You then secure a 90% bond from your bank = R1 215 000
Calculated using a 20 Year Bond:
Your monthly costs will be:
Bond Repayment = R9 603
Rates & Levies = R1 393
Total Monthly Cost = R10 996
*12 Month Guaranteed Rental = R10,000pm*
*Your contribution is only R996pm for the first 12 months and the rest of you costs are covered by your guaranteed rental income.
Newlands Peak offers a superior lifestyle proposition that encompasses the full residential spectrum, from iconic design and comprehensive amenities, to idyllic scenery and state-of-the-art security. A holistically conceived series of spaces and range of services, it is sustainably designed and offers the promise of community-focused, nature-centric living in one of Cape Town’s most sought-after and charming suburbs. Style on a grand scale – with 232 apartments over 11 floors – the development ticks every box as far as premium amenities and aspirational lifestyle are concerned, and is set to become a defining feature of the southern suburbs landscape.
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