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Western Cape |
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Cape Town |
| Suburb |
Kensington |
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Search Results for Kensington, Cape Town, Western Cape, South Africa |
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Showing Properties 1 to 2 of 2
(Click on image for details of this listing)
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(Click on image for details of this listing)
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| Your Reference: |
6267 |
| ZAR: |
309,900 |
| Property Type: |
Development |
| Cape Town: |
Kensington |
KENSINGTON SQUARE ON 10TH -
Become part of a community where you can enjoy all the great facilities this development has to offer. Soon be launched "Lifestyle on Tenth", in the heart of the "Square on Tenth" which consist of a supermarket, deli and bakery, crèche and aftercare facilities, a restaurant, cafe, fitness centre and pool, and an open air auditorium and entertainment courtyard....all these facilities right on your doorstep within a secure environment.
Over and above the facilities mentioned, you can also expect to receive Doctor's consultations, state of the art CCTV security surveillance, live weekly entertainment & events, from jazz bands to facilitating weddings & functions. All prices include a secure parking bay.
At the moment the developers are doing their own rentals. They are very strict and they do thorough checks thereby only taking in very good tenants. Within 2 to 3 months when properties begin to sell quicker the rentals will increase by at least R100 to R300 per month extra, depending on the size of the apartment.
This is the first of its kind in the area and definitely an opportunity not to be missed!
Investment Breakdown
Block: Square on 10th
Address: Cnr 10th Avenue and Nyman Road, Kensington, Cape Town
Maintenance Needed: New Development
Purchase Price: Bachelors/Studio R309 900 - R349 000
1 Bed R389 000 - R449 000
2 Bed R479 000 - R579 000
Expected Rental Income: Bachelors/Studio - R2 400
1 Bedroom - R3 000
2 Bedroom - R3 600
Monthly Levies
Approximately R15/m²
Monthly Shortfall:
Studio - R1 041
1 Bed - R1 956
2 Bed - R1 975
Break Even Year: Studio - 7
Total Invested: Studio - R47 000
Total Worth at Breakeven point: Studio - R708 000
ID 6267
The Susan Deacon Property Group
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