L'Amandine, Plattekloof, Cape Town, Western Cape, South Africa

Ref:94

Status: For Sale Price R 799,900 Location: Durbanville Type: Apartment Living Areas: Beds: 2 Baths: 1 Floor Area: Plot Area: Email us about this listing Tel: + 27 (0)82 737 5460 23 Belmondo, Curlew Way, Somerset Ridge Somerset West Western Cape 7129

This development is situated in the well known Burgundy Estate. It’s a security estate on the historic Sir De Villiers Graaf farm, De Grendel, and has brought an extraordinary investment opportunity for those seeking not only lifestyle living in a safe and constructive environment.

Completion Date:1 November 2009

Financial Analysis:

R5000 Deposit
R4800 Rental Assistance for 36 months
All transfer costs included

Key Features:

Situated in Burgundy Estate, Plattekloof 5
15 minutes from Cape Town and the nearest beach, Table View
62m2 - 2 Bedroom, 1 Bathroom
Walking distance to shopping centre, entertainment, hospitals and private schools within the security estate
Undercover parking included


PRIME LOCATION IN BURGUNDY ESTATE, PLATTEKLOOF 5, CAPE TOWN, SOUTH AFRICA

CLOSE TO CAPE TOWN AND BLOUBERG BEACH

MINIMAL CAPITAL OUTLAY (COSTS) REQUIRED FOR THE FIRST THREE YEARS FROM DATE OF REGISTRATION

BOND SUBSIDY OF R4800 PM OFFERED FOR THREE YEARS

NO TRANSFER OR BOND REGISTRATION COSTS

TRANSFER SEPTEMBER 2009

ONLY R5000 DEPOSIT REQUIRED

EXCELLENT RETURN ON INVESTMENT POSSIBLE



Dear Property Investor/Network Partner

We have been able to negotiate a very sound property investment opportunity for the consideration of our investors. Based on an absolute worst case scenario of only a 2% pa capital growth rate over four years, an average of 18% pa return on your investment is possible. With the next property investment upswing around the corner, there is not a better time to buy now in this well structured investment deal.

KEY FEATURES OF THIS INVESTMENT:

· Prime location in Burgundy Estate, Plattekloof 5 in Cape Town, South Africa. Close to CBD of Cape Town and Blouberg Beach

· State of the art security complex 2 Bedrooms (62 sq meter), 1 Full Bathroom for R799,900

· Only a R5000 deposit payment required

· No Bond or Transfer Costs payable if bond approval obtained through PPI

· R4 800 pm Bond Subsidy/rental assistance offered for a 36 month period. In addition investors will generate a further rental income through own tenant

· Strong rental market. Support will be provided with the securing of tenants

· Minimal capital outlay for the first three years after date of registration

· Estimated Date of Registration: September 2009

· Covered parking

PROJECED CASH FLOW SITUATION FOR THE FIRST THREE YEARS AFTER DATE OF REGISTRATION:

Full Bond Amount : R799 900

Bond Repayment over 30 yrs @ 14% # : R 9 477 pm

Plus Estimated Levies : R 600 pm

Total Monthly Costs : R10 077 pm

Less: Expected Rental Income : R 4 200 pm

Less: Bond Subsidy/Rental Assistance : R 4 800 pm

Out of Pocket Expenses) : R 1 077 pm

# Rate not guaranteed

EXPECTED RETURN ON INVESTMENT IF UNIT IS SOLD AFTER FOUR YEARS



1. Out of pocket expenses over four years( R1077 pm x 36) = R 38772

2. Capital growth on R799900 over 4 years assuming a 2% capital growth rate = R 65937

3. Return on investment ( 2 ÷ 3 ) = 70%

4. Average return on investment pa (70 ÷ 4) = 18%

5. Average return on investment pa at 5%(assumption) capital growth rate = 86%

6. Average return on investment pa at 8%(assumption) capital growth rate = 161%


PERFECT LOCATION:

Burgundy Estate – is a unique lifestyle estate, planned to provide the residents with a pleasant living environment that caters for all the requirements of the modern lifestyle. The estate makes on-site provision for Churches, schools, crèche, retail outlets and public open spaces. There are cycling and pedestrian paths, Eco-controlled landscaping, perimeter security, access security as well as security patrols within the estate. This estate has it all!

Given the location just off the N7 (Plattekloof Road off ramp) and Plattekloof Road, the Estate promises to be very popular because of its easy access for commuters to Cape Town CBD, Milnerton, Blouberg, Parow, Bellville, Durbanville and West Coast areas.

We operate on behalf of an investment company. Should you require any further information, kindly forward us your details and we shall immediately get a consultant to call you to assist with your enquiry.

Thank you.

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These details are intended as a guide and do not form part of a contract. Buyers should satisfy themselves as to any information contained therein.

Tel: + 27 (0)82 737 5460 | Email: info@seproperties.co.za | Website: http://www.seproperties.co.za