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Welcome To Summerville Terraces
An entry level investment property, with above market related forecasted capital growth and rental yields of more than 10% per annum, is hard to find, even for seasoned and networked investors.
Bond fees, attorney fees and interim interest are included in the purchase price. Vat included and no transfer duty payable. Occupation from first quarter 2017. A reservation deposit of R30 000 secures your unit.
The Number 1 Tax Incentive for Property Investors
Why Invest in Summerville Terraces | Kuils River
& History 01.
The surrounding area has a 0% tenant vacancy, which is a clear indication of the high tenant demand for the area, mainly due to the healthy and fast growing local economy with limited new residential development made available in the area.
& Development 02.
Manned security and centrally located to all amenities, with popular schools, medical facilities and shopping in the immediate surrounding area and easy access to public transport and major routes to Bellville, Somerset West and Cape Town via the N1, N2 and R300.
& Financing 03.
100% finance available with all major banks. Rental yields of more than 12% per annum. Investors that purchase five units will have a section 13sex income tax deduction of up to 76% thus more than 1 million rand over 20 years.
Summerville Terraces consists of semi-detached 2 and 3 bedroom duplex homes and is ideal for tenants wishing to upgrade from an apartment to an own title home with a garden, at an affordable and comparative price. Only 20 units are available in phase 1 of this patrolled area and each home has a private garden. Modern and high quality finishes. Due to the limited amount of units being built and the intelligent design of the development, landlords will enjoy low levies and maintenance costs, increasing their return on investment even further.
The surrounding Summerville area has a low tenant vacancy rate, which is a clear indication of the high tenant demand for the area, mainly due to the healthy and growing local economy. Easy access to Bellville, Stellenbosch and Somerset West via the N1, N2 and R300 major routes. The development is only ±7km to the Cape Town International Airport and ±25km to the Cape Town CBD, plus a mere 3.7km from Zevenwacht Shopping Mall and 8km from the Cape Peninsula University of Technology. Popular schools such as De Kuilen High School is only 6.6km away and Kuils River Private Hospital 6km away.
“Location, location, location”. Is this important? Yes, because investors want to invest in buy-to-let property in areas where their tenants will want to live.
WRITE OFF UP TO 76% OF THE PURCHASE PRICE AGAINST TAX. Investors can benefit from a tax deduction of up to 76% of the purchase price, thanks to SARS and Section 13sex of the Income Tax Act. Investors who purchase five units within this development will benefit from positive cash flow of approximately R1200 per month based on achieving 90% bond financing and at a tax rate of 41%. This equals to more than a 1 million Rand write-off against your taxable income over a 20 year term, which is one and a half times the cost of a single unit.
WRITE OFF UP TO 76% OF THE PURCHASE PRICE AGAINST TAX. Investors will enjoy a tax deduction of up to 76% of the purchase price, thanks to SARS and section 13sex of the Income Tax Act. With this in mind, investors will have a positive cash flow of more than R1200 per month. Investors that purchase five units can thus also deduct more than 1 million rand from their taxable income over a 20 year term, which is one and a half times the cost of a single unit.
“Location, location, location”. Is this important? Yes, because you want to invest in buy-to-let property investments where your tenants will want to live, ensuring a high tenant demand and with this, high rental income and annual escalations.In Summary, Summerville Terraces boasts the following for investors:
- 01.Bond, transfer & interim interest fees are included
- 02.5 year National Home Builders Regulating Council warrantee
- 03.Expected occupation early 2017
- 04.Construction already under way
- 05.Rentals available from R6000 p/m with full rental management service from SA Investor Rentals
- 06.Pre-paid electricity meters
- 07.Solar heating panels with control panel
- 08.Built-in cupboards in kitchen & bedrooms
- 09.Built-in electrical oven & hob
- 10.No maintenance aluminium window frames
- 11.Low Home Owners Association levies of only R350 per month which includes common property maintenance
- 12.Type B & C house plans come standard with single garages
- 13.Walled gardens for privacy
- 14.2.2m perimeter wall with electric fencing surrounding development
- 15.Tiled throughout for the investor to save ongoing maintenance
- 16.Very high demand for rental properties
- 17.Centrally located with many other very popular secure villages such as Bardale Village, Bella Donna & Stellendale Village
- 17.R30 000 reservation deposit secures your unit
Enquire about this Kuils River Property Investment Opportunity!
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