Property Investment Cape Town

Now Launching from R690 000. Occupation second quarter 2019

Invest in a prime location in Boksburg, offering high rental demand!

Location

Boksburg, situated in the Witwatersrand, has transitioned through many phases of development, a testament to its robust nature. Labelled as “Gauteng's industrial suburb”, Boksburg is not only home to a wealth of industries, but also commercial precincts, such as the Growth Point Industrial Estate and Fern Towers.

  • 0.9 km from East Rand Mall
  • 8.6 km from O.R. Tambo International Airport
  • 5.4 km from Boksburg Hospital
  • 10.4 km from Growth Point Industrial Estate
  • 1.0 km from Hoërskool Dr. E.G. Jansen
  • 2.4 km from Martin Primary School

Why Invest in Sydney Park

INVESTMENT BENEFITS

  • Return on investment up to 10.8% (excluding Rental Assist)
  • 3-year IGrow Rental Assist to the value of R36 000
  • Transfer and bond fees included*
  • Rental income projected from R6 000 p/m plus R1 000 Rental Assist
  • Up to 100% bond financing available
  • Neighbourhood with well-designed infrastructure and transport routes
  • Close to a variety of excellent schools
  • Plenty of recreational amenities surrounding the area
  • Strong rental demand for apartments in this neighbourhood

Comprehensive End-to-End Rental Management

  • IGrow Rentals - our in-house rental managers
  • Tenant vetting & placement
  • Rental collection
  • Ingoing & outgoing inspections
  • Maintenance service available

MASSIVE TAX INCENTIVE FOR INVESTORS

Section 13sex of the Income Tax Act applies where 55% or more of the purchase price can be used as a deduction against the investor's income for tax purposes when purchasing five or more properties.

Purchase five properties and enjoy 20 years of tax deductions through Section 13sex.

INVESTMENT OVERVIEW

  • 100% bond financing available at all the major banks through IGrow Homeloans
  • Only pay first bond instalment on registration after occupation is tendered
  • R35 000 reservation deposit required to secure (refundable should finance not be approved)
Apartments Selling from:
R690 000
Projected Annual Income:
R72 000 p/a
Screen Shot 2018-03-22 at 3.11.52 PM

Option 1 – the best option - if the purchaser puts down R69 900 (10% deposit) on a R699 000 apartment, then the investment will grow to R1 854 000 over 20 years (conservative 5% capital appreciation)

Option 2 - if the purchaser invested their R69 900 in a traditional investment at 8% interest compounded annually, then the future value would be only R325 801 in 20 years.

Site Layout

Site-Development-Plan_71-units

Why Boksburg?

Families will be in their element in Boksburg with an endless list of things to do. Plan a trip to Wild Waters Boksburg, a water park with slides and super tubes to suit all ages. Take the family to Bokkie Park, where kids can milk cows and feed the animals, and Le Grange Bird Park, which features a kids’ playground, tea garden, and numerous birds. Boksburg offers a range of recreational attractions, such as the charming Bruma Lake and East Rand Flea Markets. Outdoor enthusiasts will enjoy golfing at Benoni Lake Golf Club, the ERPM Golf Club, and Glendower Golf Club, sandboarding at Mount Mayhem, and paintballing at Blades and Triggers Paintball Range. Other attractions include Carnival City Casino and Barnyard Boksburg. Those interested in history will enjoy visiting the numerous historical buildings in Boksburg. These include the Old Post Office, the Law Court, St Michaels and All Angels Anglican Church, Hechter-Shuiz Museum, and several gold mines.

Plans & Features

UNIT-TYPE-A
ENQUIRE

TYPE A & D: 2 bedroom, 1 full bathroom apartments

Ground floor units R699 000
First floor units R695 000
Second floor units R690 000

Projected monthly rental income from R6 000 (from occupation excluding Rental Assist)

Spacious 62m2 apartments excluding 6m2 balcony with built-in braai

Projected rates & taxes R300 p/m + body corporate (levies) R800 p/m

R36 000, 3-year Rental Assist included

 Transfer and bond fees included*

ENQUIRE

TYPE B & C: 2 bedroom, 1 full bathroom apartments

Ground floor units R699 000
First floor units R695 000
Second floor units R690 000

Projected monthly rental income from R6 000 (from occupation excluding Rental Assist)

Spacious 61m2 apartments excluding 6m2 balcony with built-in braai

Projected rates & taxes R300 p/m + body corporate (levies) R800 p/m

R36 000, 3-year Rental Assist included

 Transfer and bond fees included*

UNIT-TYPE-B

PROPERTY FEATURES

  • Modern, spacious designs
  • 2 bedroom, 1 full bathroom apartments
  • Built-in braai on patio or balcony
  • Low maintenance design featuring face brick
  • Perimeter wall with electrified fencing
  • Communal landscaped gardens
  • Granite kitchen countertops
  • Tiled throughout
  • Covered parking bays
  • On public transport routes
  • Close to all amenities
  • Pre-paid electricity meters
  • Transfer and bond fees included*

DESIGN OF SYDNEY PARK

These modern apartments display innovative layouts and quality finishes, such as aluminium windows and granite kitchen countertops. The development’s design provides apartments which will remain stylish and sustainable for years to come, combining low maintenance features such as face brick elements on exterior and interior walls. Residents will enjoy a secure environment and have quick access to all major routes, business districts, shopping malls and recreational facilities.

Boksburg is a rapidly expanding city on the East Rand of Gauteng, featuring security estates, great amenities and distinguished schools, providing an excellent opportunity for first-time or seasoned investors. As a burgeoning area, buyers are still able to purchase spacious yet affordable properties with exceptional return on investment - a rare find. Investors will enjoy a high rental demand and can expect up to 10.8% gross yields and additional Rental Assist when purchasing in phase 1.

Financial Analysis

Financial-Analysis---Sydney-Park-1

Gallery

We work closely with you in selecting the right property deals that are tailored to meet your investment requirements, to help you to achieve your long-term financial objectives.

Document for Download

Have a Question? | Contact Us

The IGrow Wealth Team would like to assist you in reviewing your existing portfolio. We will then formulate an investment strategy to help you build your property portfolio.

Cape Town :
  • +27 (0)21 979 2501
  • info@igrow.co.za
Pretoria :
  • +27 (0)12 943 0201
  • info@igrow.co.za
Address: Cape Town
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Address: Pretoria
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