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Spacious new design, Bellville, Cape Town
2 BEDROOM APARTMENTS IN A GREAT LOCATION
Priced from R1 095 000
Glenhaven, Bellville South, Cape Town
Buy direct from Developer
No rates and taxes for 12 months
No Levies for 12 months
Transfer and bond fees included – no transfer duty payable
The Glen is a unique development in Bellville, Cape Town
We have an exciting announcement on the launch of the next phase within the very popular The Glen. As the first occupations are
already in place, this sought after security estate now offers a fantastic new design of with a village feel, boasting larger two bedroom, one bathroom apartments. The development is located in a 7.4 hectare plot, on the corner of Peter Barlow and Bester Roads in Glenhaven.
This integrated housing project offers affordable mixed-tenure housing opportunities in a close proximity to public transport, opportunities of employment, and public amenities including schools, state hospitals and public libraries. It is also close to great fantastic tertiary institutions, with both the University of the Western Cape (UWC) and the Cape Peninsula University of Technology (CPUT) Bellville Campus only 1.2km’s away, making this it ideal for families and students.
Location
There is a huge backlog of affordable housing, especially located near opportunities of education, employment, transport and amenities. The Glen is close to the Bellville CBD and Sacks Circle, as well as public amenities such as schools, state hospitals and public libraries. Ideally located within 5km to the University of the Western Cape and the Cape Peninsula University of Technology.
| Travel | |
|---|---|
| Cape Town CBD | 28km |
| Bellville CBD | 5km |
| Cape Town International Airport | 12km |
| Education | |
|---|---|
| Bellville Technical School | 4km |
| Cape Peninsula University of Technology | 4km |
| De Kuilen Primary and High Schools | 5km |
| Medical | |
|---|---|
| Netcare Kuils River | 4km |
| Tygerberg Hospital | 8km |
| Clicks Parow Centre | 7km |
| Recreation & Shopping | |
|---|---|
| Parow Centre | 7km |
| V & A Waterfront | 30km |
| Tygervalley Shopping Centre | 7km |
Why invest in The Glen
MARKET COMPARISON: TPN (Tenant Profile Network) shows why The Glen is such a fantastic investment
Tenant Payment Profile
Payment trends of tenants who pay a monthly rental income
Investment benefits
- Occupation from mid 2023
- Gross rental yields up to 7,89%
- Rental income projected from R7 200 to R7 500 per month
- ZERO levies year one
- ZERO property rates year one
- Up to 100% bond financing available
- Deduct up to R632 500 against taxable income through Section 13sex tax incentives*
- Buy directly from the developer
- UWC and CPUT within 5km
- Blocks A & B tenanted within 2 months due to popularity
- Tenant insurance offered - secure your rental income
- Transfer and bond registration fees included
- No transfer duty payable
- Property tax strategies offered by IGrow Chartered Accountants
- Company & trust advice and setup through IGrow Trusts
- Only R10 000 reservation deposit required (Refundable should financing not be approved)
Apartment features
- Semi-private gardens to ground floor apartments
- Built-in braai to each apartment
- Fibre installed to all units
- Built-in cupboards in bedrooms and kitchen
- Granite kitchen countertops
- Washing machine/dishwasher point in kitchen
- Tiled throughout for easy maintenance
- Clever site design with natural lighting
- Security gates to front doors and ground floor sliding doors
- Burglar bars to all opening windows
- Pre-paid water and electricity meters
- Modern sanitary finishes
- One parking bay per apartment provided
- Low levies
- Five year NHBRC warranty
Development features
- Now offering a ground and first floor larger design apartments
- Ample open spaces between phases
- Electrified perimeter fencing
- Biometric access controlled
- On-site security guards
- High rental demand development
- Close to job opportunities
- On public transport routes
- Great tertiary education within 5km (CPUT and UWC)
- Plenty of recreational amenities in surrounds
Comprehensive end-to-end rental management services
- In-house rental agents and managers
- Tenant vetting and placement services
- Rental collection services
- Ingoing and outgoing inspection services
- Maintenance services available
- Rental insurance available - secure your rental income
Site development plan | Floor plans
Unit Plans
Priced from:
R1 150 000
2 bedrooms, 1 bathroom apartment
Unit size (incl. patio) – 54m²
One parking bay allocated to each apartment
Two Bedroom, One Bathroom
ZERO Levy year one
ZERO property rates year one
Bond repayment @30yr, 7.75% – R8 239
Est. monthly shortfall – R-1,601
Projected rental income from R7 500 p/m
Priced from:
R1 095 000
2 bedrooms, 1 bathroom apartment
Unit size (excl. patio) – 52m²
One parking bay allocated to each apartment
Two Bedroom, One Bathroom
ZERO Levy year one
ZERO property rates year one
Bond repayment @30yr, 7.75% – R7 845
Est. monthly shortfall – R -1,473
Projected rental income from R7 200 p/m
Gallery
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Pricelist
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HAVE QUESTIONS?
Book your free consultation with a property investment strategist where we talk more in-depth about how you can achieve financial freedom through investing in property.
IGrow makes no warranties, whether expressed or implied, in regard to the email, 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. Attorney and bond fees for transfer paid by Seller only where appointed attorney attends transfer. This may exclude buyers using bank facilities. Fees excluding any bank initiation fee, correspondent attorney fees and courier fees if applicable.
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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.
