other, alarm, furnished
Anatu Place, a new residential sectional title development in the Melville / Richmond area. The proposed development will comprise 84 sectional title apartments. Investment units are available from R430 000 to R627 000. Thirty-seven of the apartments will be studio/bachelor units, forty-one will be one-bedroom units (of which 9 will have lofts), and six two-bedroom loft apartments. The construction programme is set to commence in October 2007, with completion expected at the end of 2008, beginning 2009. INVESTMENT OPPORTUNITY An R10 000 deposit secures a unit. A net shortfall of between R1 700 and R2 300 per month for the first 12 months should be achievable. At the end of year five, the net income generated could be sufficient to cover all monthly expenses i.e. bond repayment, levy and leasing commission, well on its way to a positive cashflow. For more information on the investment returns, please see the download section above. http://www.arkadia.com/iplx-t3184/