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New Developments
Ashanti Villas, Elspark, Germiston
Ashanti Villas is situated in the quiet suburb of Elspark in Germiston and will consist out of 4 phases, totalling 224 units.
Completion of phase 1 is scheduled for August 2010. Residents will be secured by an electrified perimeter wall and remote controlled access.
All internal roads will be paved and the areas between the blocks to be landscaped and grassed.
Ashanti Villas will attract tenants working in the nearby Waydeville Industrial area. Established companies operating from Waydeville include Consol SA, Pepsi, Distell & Tyco Tyres.
| • Police Station - 2.04km | • High school - 2.04km |
| • Clinic - 0.93km | • Shopping centre - 1.95km |
| • Netcare Hospital 4.91km | • 4 Pick N Pay stores within a 4km radius |
| • Primary school 1.46km | • 5 Spar stores within a 5km radius |
At registration this investment opportunity will render close to a 1% Rent Value Ratio (RVR).
Key Features
- No deposit
- Landscaped gardens
- All costs included
- Electric fencing
- Security estate
- Remote controlled access
- Registration August 2010
- Under-cover parking bays
Investment Breakdown
| Development name: | Ashanti Villas |
| Address: | Snyman Street, Elspark, Germiston |
| Type: | New development, Sectional Title, Security Estate |
| Purchase price (2 bed & 1 bath) | R349 900.00 |
| Size: | 67m² |
| Monthly Levies | R520 p/m |
| Expected rental income: |
R3 500.00 |
| RVR: (Rent Value Ratio) | 1.00 |
| Platinum Referral Commission: | R1 000.00 |
| Gold Referral Commission: | R500.00 |
| Financing Type | 100% | 90% | |
| Bond repayments over 30 years @ prime (10%) | R3 070.62 | R2 763.56 | |
| Monthly shortfall | R640.62 | R333.56 | |
| Break even year | 4 | 3 | |
| Total invested up to break even point | R15 991.61 | R40 662.66 | |
| Total worth after break even point | R512 288.59 | R465 716.90 |
Plans & Perspectives
Sales Enquiries
Please contact Anél Mostert on:
(021) 975 7550
...or make an online enquiry by clicking the link below:
Online Enquiry Form
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