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R1,245,000

Monthly Bond Repayment R13,277.05
Calculated over 20 years at 11.5% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Levy
R1,020
Monthly Rates
R548

APARTMENT HOTEL DEVELOPMENT Existing units, tenant ready!

SMALLER PERSONAL SPACE BIGGER FACILITIES
Times are ever-changing, and the youth who drive our economy have different lifestyle needs. It's all about smart-designed smaller spaces with a bigger emphasis on communal and social amenities. This provides the lock-up-and-go flexibility they need, reducing living costs and creating efficient mobility. This is the generation of Micro Living.

THE BENEFITS SPEAK FOR THEMSELVES
Micro living offers property searchers convenient access to more central living locations with lower rates, compared to
traditional and overpopulated housing in city centres.

Great for investor portfolio diversification. Ideal for investors looking for a low-risk, lock-up-and-go lifestyle, corporate
crash-pad or short-term rental property - particularly when paired with the minimal maintenance required.

INVESTMENT BENEFITS
- Up to R75 000 cash back to investors*
- Gross rental yields up to 9,55%
- Bond and transfer fees included (excl bank initiation fee)
- Save up to a R71 000 in attorney fees
- Up to 100% bond financing available
- Buy directly from the developer
- No transfer duty payable
- Deduct up to R712 250 against taxable income through Section 13sex tax incentives*
- Consistent high rental yield neighbourhood
- Rental income starting from R6 950 to R7 950 (excluding rental assist)
- IGrow Rentals will manage your tenant for you
- Tenant insurance offered - secure your rental income
- Investors get access to Blackbrick amenities and discounts within the network
- Property tax strategies offered by IGrow Chartered Accountants
- Company & trust advice and setup through IGrow Trusts
- R10 000 reservation deposit required (refundable should financing not be approved)

APARTMENT FEATURES
- Trendy, well designed apartments
- High speed fibre installed to all units (activation excluded)
- Quartz kitchen countertops with ample cupboard space
- Ceramic glass hob, oven and extractor fan
- Washing machine/dishwasher point in kitchen
- Modern, quality sanitary finishes throughout
- Tiled throughout for low maintenance (600 x 600 tile)
- Centralised, energy efficient, heatpump hot water system
- Hot and cold water meters installed to each apartment
- Pre-paid electricity meters to each apartment
- Building insurance covered by levy
- Concierge services available
- State-of-the-art security

DEVELOPMENT FEATURES
- Excellent location within the hub of Sandton CBD
- Luxury aparthotels with rooftop pool and restaurants
- Walking distance to the Gautrain station - 1 km
- Johannesburg Stock Exchange only 650m away
- Sandton City and Nelson Mandela Square only 600 m
- Two restaurants
- 100-seater cinema with event programs
- Parking for every apartment
- Co-working spaces
- Boxing Gym
- Boardrooms available to book
- Zoom Pods with internet access
- Lounge areas for meetups
- Yoga studio
- In-house laundromat facilities
- High-speed wifi

Features

0.5
1
Interior
Bedrooms
0.5
Bathrooms
1
Kitchens
1
Reception Rooms
0.5
Exterior
Carports / Parkings
1
Security
Yes
Sizes
Floor Size
29m²
 
  • 1
 

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

13,277.05

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