304 on Main - Secure residential estate in Gauteng
Prime investment in Ferndale, Randburg.
1 & 2 bedroom apartments in a great location! We are excited to announce the launch of this brand-new lifestyle development in Randburg, Johannesburg.
The leafy suburb of Ferndale, in the particularly pretty northern area of Johannesburg, lies close to some of the main business and entertainment areas just outside the Randburg CBD, close to the Cresta Centre, Ferndale on Republic, Monte Casino and The Dome. Thanks to its tree-lined streets and family-friendly atmosphere, Ferndale has an unassuming charm that gives it its own appeal.
Randburg is listed as one of the 8 hottest property investment areas in Gauteng – property24
The 2019 Lightstone Report (SA’s major reporting statistics platform) shows sectional title property values increased 40% since 2009.
Why invest in 304 On Main:
- Gross ROI up to 10.05%, excluding Rental Assist
- Prices below market value
- Transfer and bond fees included*
- Rental income projected from R5 500 to R7 000 (excl Rental Assist) per month
- Benefit from a 55% deduction through Section 13sex tax rebates
- Up to 100% bond financing available
- Tenant vetting and placement assistance through IGrow Rentals
- Occupation from end-2020
- High rental demand area
- The roof top terrace with roof garden on 4th floor
- Secure complex – access controlled
- Ample secure parking
Comprehensive End-to-End Rental Management:
- IGrow Rentals - our in-house rental managers
- Tenant vetting & placement
- Rental collection
- Ingoing & outgoing inspections
- Maintenance service available
Investment Overview:
- 100% bond financing available at all the major banks through IGrow Homeloans
- Only pay first bond installment on registration after occupation is tendered
- R30,000 reservation deposit required to secure (refundable should finance not be approved)
