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Zero rates & levies payable for the first year
Prime investment in Bellville, Cape Town
1 & 2 BEDROOM APARTMENTS IN A GREAT LOCATION
Priced from R640 000
Glenhaven, Bellville South, Cape Town
Zero rates & levies payable for the first year
Transfer and bond fees included – no transfer
duty payable
The Glen is a unique development in Bellville, Cape Town
We’re excited to announce the launch of block C at The Glen. The development is located on the corner of Peter Barlow and Bester Roads in Glenhaven, and measures 7.4 hectares. This integrated housing project will provide affordable mixed-tenure housing opportunities in very close proximity to public transport, opportunities of employment, and public amenities like schools, state hospitals and public libraries. It is also close to great tertiary education institutions, being only 1.2km from both the University of the Western Cape (UWC) and the Cape Peninsula University of Technology (CPUT) Bellville Campus, making this 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 September / October 2022
- Gross rental yields up to 9,61%
- Rental income projected from R4 800 to R6 500 per month
- Up to 100% bond financing available
- ZERO levies year one
- ZERO property rates year one
- Buy directly from the developer
- UWC and CPUT within 5km
- 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
- Deduct up to R492 250 against taxable income through Section 13sex tax
- Only R10 000 reservation deposit required (Refundable*)
Apartment features
- Fibre installed to all units
- Built-in cupboards in bedrooms and kitchen
- Granite kitchen counter tops
- 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
- Block C ready for September / October 2022
Development features
- Featuring natural atriums in centre of blocks, including greenery
- 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:
R640 000
Type A – 1 bedroom, 1 bathroom apartment
Unit size (excl. patio) – 32m²
One parking bay allocated to each apartment
One Bedroom, One Bathroom
ZERO Levy year one
ZERO property rates year one
Bond repayment @30yr, 7.25% – R4366
Est. monthly shortfall – R +175
Projected rental income from R4 800 p/m
Priced from:
R875 000
Type B – 2 bedroom, 1 bathroom apartment
Unit size (excl. patio) – 46m²
One parking bay allocated to each apartment
ZERO Levy year one
Two Bedrooms, One bathroom
ZERO property rates year one
Bond repayment @30yr, 7.25% – R5969
Est. monthly shortfall – R -353
Projected rental income from R6 000 p/m
Gallery
Pricelist
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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.
