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Investment Property with great return on investment!
Buy this apartment with current rental income which covers your TOTAL mortgage bond and expenses each month!
2x Bedroom apartment with 2x Bathrooms and communal kitchen. Each room has 2x built-in beds; 2x built-in cupboards; 2x book racks; 2x built-in desks and an en-suite bathroom shared by 2x students. Included: 2x Fridges; 4x desk chairs; microwave; and 4x pin boards.
Apartment Block is well known and popular among students. Situated only 30m away from the Gerrit Dekker/Steve Biko entrance to the North West University. Close proximity to NWU hockey fields, new Mooirivier Junction shopping centre and Hoèrskool Potchefstroom Gimnasium.
The apartment block also has free laundry facilities on site, braai area and outside leisure areas. other features include:
*Electric fences
*Biometric fingerprint security access system
*24/7 security guard on duty
*Access to complex (cars and pedestrians) only by permission of residents
*Body Corporate is run by a local managing agent - Habiplan
Please Note: The 2021 Budget Speech included an amendment to the transfer duty calculation applicable to property transactions, increasing the threshold under which no transfer duty is payable from R900 000 to R1 million. This means that if you buy a property that costs R1 million, you will not have to pay any transfer duty.
Transfer duty is only payable on properties worth more than R1 000 000. If the property is less than that, you will still need to pay the conveyancing attorney for the transfer of property, but there will be no transfer duty tax applicable.
Conveyancing Fees are estimated at an amount of approximately R26 000. If you require a bond to pay for the property, the bank will appoint a bond attorney and the estimated cost is approximately R31 000.
Contact me to find out more!
