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Johannesburg |
| Suburb |
Southgate |
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Search Results for Southgate, Johannesburg, Gauteng, South Africa |
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Showing Properties 1 to 1 of 1
(Click on image for details of this listing)
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| Your Reference: |
6180 |
| ZAR: |
530,000 |
| Property Type: |
Development |
| Johannesburg: |
Southgate |
SPARROW GATE LIFESTYLE ESTATE -
Sparrow Gate Lifestyle Estate is ideally situated in a well established residential suburb of Southgate which is only a stone's throw away from Johannesburg CBD and the greater Gauteng areas. With walking distances from major shopping centres like Southgate Mall and easy access to the M1 & N12 freeways which saves a lot of travelling time and cost.
With the picturesque backdrop of the Klipriviersberg Nature Reserve it is closely situated to Gold Reef City & Casino and even closer to the FNB soccer stadium.
This is why the monthly rental of the units have increased by as much as 13% over the last 6 months (26% per annum), and units available for renting are very scarce. The supply can simply not meet the rental demand. In September 2008 rentals started at R 4 300 per month - almost 1% per month of the initial purchase price.
With state-of-the-art security, open-plan styling and quality finishes, residents can also enjoy the braai & mini soccer field facilities and a 1.5ha park area.
Sparrow Gate is synonymous with style, and is tailor-made for young professionals, students and small families.
Key Features
Registration July / August 2010
All costs included
VAT transaction, perfect for your trust!
Each unit comes with covered parking bay
Pre-paid electricity meters
Mini soccer field
1.5 ha landscaped parks
Best value for money in the South of JHB
Excellent rental service included
Prime locality & access to the Southgate Mall
Easy access onto main highways
24 hr State of the art security
Best rental node in Gauteng
Investment Breakdown
Block: Sparrow Gate Lifestyle Estate
Address: Lark Street, Southgate, JHB
Type: New Development, Sectional Title, Security Estate
Purchase price (2 bed & 1 bath) R530 000.00, 1st & 2nd Floor
Purchase price (2 bed & 1 bath) R575 000.00, Ground Floor
Size: 63m²
Monthly Levies R630 p/m
Expected rental income:
From R4 500.00
RVR: 0.84 ID 6180
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