Sydney Park - Secure residential estate in Sydney Road, Boksburg
These modern apartments display innovative layouts and quality finishes, such as aluminium windows and granite kitchen countertops. The development’s design provides apartments which will remain stylish and sustainable for years to come, combining low maintenance features such as face brick elements on exterior and interior walls.
Residents will enjoy a secure environment and have quick access to all major routes, business districts, shopping malls and recreational facilities. Boksburg is a rapidly expanding city on the East Rand of Gauteng, featuring security estates, great amenities and distinguished schools, providing an excellent opportunity for first-time or seasoned investors.
As a burgeoning area, buyers are still able to purchase spacious yet affordable properties with exceptional return on investment - a rare find. Investors will enjoy a high rental demand and can expect up to 10.8% gross yields and additional Rental Assist when purchasing in phase 1.
Massive tax incentive for investors!
Section 13sex of the Income Tax Act applies where 55% or more of the purchase price can be used as a deduction against the investor's income for tax purposes when purchasing five or more properties. Purchase five properties and enjoy 20 years of tax deductions through Section 13sex.
Investment benefits: Return on investment up to 10.8% (excluding Rental Assist) 3-year IGrow Rental Assist to the value of R36,000 Transfer and bond fees included* Rental income projected from R6,000 p/m plus R1,000 Rental Assist Up to 100% bond financing available Neighbourhood with well-designed infrastructure and transport routes.
Close to a variety of excellent schools. Plenty of recreational amenities surrounding the area. Strong rental demand for apartments in this neighbourhood.