Prime investment
situated in
The fastest growing suburb in Cape Town
2 bedroom, 1 bathroom apartments

This development promises fantastic capital appreciation, making it ideal to add to your investment property portfolio.

Great Location

Close to many amenities.

Rental Income

Projected from
R87 600 p/a

Gross ROI

Projected at 9.74%

Reservation Deposit

R10 000

Parklands, situated on the West Coast of Cape Town, continues to offer buy-to-let investors excellent value and growth

This development promises fantastic capital appreciation, making it ideal to add to your property portfolio.

Bordered by Table View, part of the Western Seaboard district, Parklands boasts many amenities that have helped to make it one of the fastest-growing residential areas in the Western Cape.

Parklands has been a popular suburb with renters since it was established in 1997. With a lifestyle they desire, at rental prices they can afford, the area attracts new tenants every day.

There has been an increase in activity in this area over the past 10 years and this has impacted the property prices.

Location

List of nearest Facilities and Activities

Travel Distance
Cape Town CBD 21,5 km
Blouberg Beachfront 6,3 km
Century City Business/Shopping 11 km
Education Distance
Curro Private School 1.4 km
Parklands College 2 km
St Johns Parklands 0,9 km
Retail Distance
Bayside Mall 3,6 km
Sandown Crossing 2,3 km
Parklands Junction 1,8 km

Why invest in Riverhill

Investment Benefits
  • Gross ROI of 9.74%
  • Transfer and bond fees included*
  • R10 000 Rental Assist to investors
  • Rental income projected from R6 800 per month (excluding rental assist)
  • Benefit from a 55% deduction through Section 13sex tax rebates
  • Up to 100% bond finance available
  • Strategic bond financing planning through IGrow Homeloans
  • High rental demand neighbourhood
  • Company Registration & Trust setup and advice through IGrow Trusts
Development Features
  • Occupation from end-2021
  • Prepaid electricity meters to all units
  • Water meters installed for accurate billing
  • Secure complex – access to Complex Patrols
  • Electrified perimeter wall
  • Burglar bars to all opening windows
  • Security gates installed to front doors
  • One secured parking bay per apartment
  • Ample visitors parking
  • Jungle gym and play area for children
  • Landscaped communal gardens
  • Tiled throughout
  • Full bathroom with bath and shower
  • Bathroom accessories provided
  • Curtain rails installed to bedrooms and lounge
Investment Overview
  • 55% deduction through through Tax 13Sex
  • Only pay first bond installment from date of registration
  • R10 000 reservation deposit required to secure (refundable should finance not be approved)
Comprehensive End-to-End Rental Management
  • IGrow Rentals - Specialist in-house rental managers
  • Tenant vetting & placement
  • Rental collection
  • Ingoing & outgoing inspections
  • Maintenance service available

Projected income from

R 87600 + p/a

Apartments selling at

R 899000

Unit Layout

This development is well priced and positioned to add to your investment property portfolio.

2 Bedrooms, 1 Bathroom
R899 000
  • Unit size - 57m2 and 5m2 patio/balcony
  • Bond & Transfer fees included
  • Projected rental from R6 800 p/m (Excluding rental assist)
  • 1 parking bay on site
  • R10 000 Rental Assist to Investors
  • Projected Monthly Levy R950
  • Projected Monthly Rates R277

Site Development Plan

Gallery

All images used are for illustrative purposes only and are intended to convey the concept and vision for the development/apartments. They are for guidance only, may alter as work progresses and do not necessarily represent a true and accurate depiction of the finished product and specifications may vary. Floor plans are intended to give a general indication of the proposed layout only. All images and dimensions are not intended to form part of any contract or warranty.

Documents

Riverhill Disclaimer

IGrow makes no warranties, whether expressed or implied, in regard to the websites, contents, accuracy, financial projections and/or assumptions nor availability.
The User assumes all responsibility and risk for the use of the information and other material provided. IGrow shall not be liable for any loss, injury, damage, cost, penalty or claim resulting from the use of the materials or projections/assumptions, whether direct or indirect. The User indemnifies IGrow and holds it harmless against any and all liability, loss, damage, penalty, cost or claim of whatsoever nature suffered by any third party in relation to any act or omission by the User in relation to the information and the use thereof by the User. *Bond and attorney fees paid by Seller only where appointed attorney attends to registration and transfer. Fees excluding any bank initiation fee, correspondent attorney fees and courier fees if applicable. *Rental assist to IGrow investors using IGrow Rentals. 

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If you are considering an investment or a lock-up-and-go lifestyle opportunity, this development is ideal with the perfect location. Contact us today to assist you in acquiring one of these investment units.

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