Why Protea Village, Pretoria?
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R799 000 for a 120m2 3 bedroom duplex with double garage and projected rental income of R7 500 per month. The IGrow Wealth Plan is included in every purchase.
Location
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Netcare Montana: 8 minutes
Wonderboom Airport: 12 minutes
Menlyn Regional Mall: 26 minutes
Pretoria Central: 22 minutes
Hatfield Gautrain Station: 24 minutes
Tshwane University of Technology : 21 minutes
Why Invest in Protea Village?
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- Gross ROI from 11%
- Prices below market value
- Rental income projected from R7 500 p/m
- 100% bond financing available
- High rental demand, low vacancies
- 24hr manned security
- All bond and transfer costs included*
- Occupation mid-2019
- Tenant vetting and placement assistance
- Benefit from Section 13sex tax rebate
- Low maintenance, face-brick design
- First payment only on occupation
10% Deposit
Bond Loan-to-Value
Rental Assist
Cumulative Rental loss until break-even
Cumulative Rental Profit from break-even to year 20
Gross Yield in year 1
Value 20 Years
Investing in property vs traditional investments
CASE STUDY 1:
An investor buys a type A unit in Protea Village at R799 000 with a 10% deposit of R79 900 and finances the balance with a 90% home loan from a bank over a 20-year period.
The projected capital growth for the area is an average of 8% per annum which in return means that the property will be worth approximately R3 724 105 in 20 years time. During that 20-year period, the rental income received will have paid off the bond, and the investor will have pocketed an additional R1 319 692 over and above the growth in the value of the property. This means that the investor sees a return of R5 043 797 after investing only R79 900.
COMPARE THIS TO:
CASE STUDY 2:
The investor placed R79 900 in a traditional investment, such as a unit trust or retirement annuity, at 8% per annum. After the same 20-year period the investor will have only achieved growth on the capital invested, amounting to just R372 410. This means he loses out on a possible R4 650 146!With only R79 900 as a deposit (which is 10%) on a property in Protea Village, you can achieve returns of up to R3 724 105 over 20 years!
Section 13sex tax benefit:
The investor purchased 5 x Protea Village units at R799 000 each, with a 10% deposit and finances the balance with a 90% bond. Section 13sex of the Income Tax Act now allows the investor to deduct 55% of the purchase price from the taxable income that the properties generate. This means that the taxable income of R6 598 460 (R1 319 692 x 5) is reduced by R2 197 250.
Interactive Sales Map
Plans & Pricing
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Type A: 3 bedroom, 2 bathroom units
Selling for R799 000
Projected monthly rental income from R7 500 (on occupation)
3 bedrooms, 2 bathrooms - 82,5m2 Double Garage - 38,25m2 - Total size: 120.75m2
Projected rates & taxes R400 p/m + body corporate (levies) R1 249 p/m
All bond and transfer fees included*
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Type B: 3 bedroom, 2 bathroom units
Selling for R899 000
Projected monthly rental income from R8 200 (on occupation)
3 bedrooms, 2 bathrooms - 98m2 Double Garage - 38,30m2 - Total size: 136,30m2
Projected rates & taxes R500 p/m + body corporate (levies) R1 416 p/m
All bond and transfer fees included*
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Gallery
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Protea Village Disclaimer
IGrow makes no warranties, whether express or implied, in regard to the Websites, their contents, accuracy or availability.
The User assumes all responsibility and risk for the use of the Websites. IGrow shall not be liable for any loss, injury, damage, cost, penalty or claim resulting from the use of the Websites, 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 Websites and the use thereof by the User.
*Bond & transfer fees paid by Seller only where appointed attorney attends to registration of transfer and bond registration. Fees excluding any bank initiation fee, correspondent attorney fees and courier fees if applicable.
Protea Village Documents for Download
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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 acquiring one of these investment units.
- +27 (0)21 979 2501
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WHY INVEST
Investment Overview
In 2005 properties sold at R18,000 p/m2 and are now selling at around R45,000 p/m2. Factoring in the construction period and natural escalations, one stands to gain significant capital growth up to completion in July 2018. Investors can also expect an estimated 50% capital growth over the next three years.
Current rentals achieved at Melrose Arch, with entry rates being around R25 000 per month for a one bed unit and R35 000 per month for a two bed unit, offers incredible gross yields generally well in excess of 10% per annum. With the expansion of Melrose Arch over over the next 5 to 10 years in terms of commercial and retail space, an increased demand in corporate letting is expected, which should drive rental yields even higher.
Most of the rental demand at Melrose Arch is from multinational and blue chip corporations, for long term accommodation for their local and foreign executives, with about 8 500 people that work in the immediate area. Short term rentals (less than 6 months) are not permitted.