Oaklane Corner - Secure residential complex in Brakpan North
Oaklane Corner is located within the popular Oaklane Estate on Hospital Road in Brakpan North.
The complex will be made up of twenty two 66 sqm sectional title apartments. Each unit will offer 2 bedrooms with one full bathroom (Bath, Shower & Toilet), each unit will have its own carport.
The units will have the following features and specifications:
- Transfer and Bond costs included
- The entire unit will be tiled with ceramic tiles
- Fully fitted ceiling height kitchen cupboards with a choice from 4 different colours
- Granite counter tops (Rustenburg)
- Built in cupboards in both bedrooms
- Aluminium windows
Residents are secured by the 24 hour security guards as well as access control monitoring all visitors. Oaklane Estate has a park with braai areas for residents use. The nearby Sherwood Gardens Shopping Centre caters for the residents “bread & milk” shopping and fast food requirements with Carnival mall less than 10km away for the serious shopper.
Investors can expect a rental amount of R 5,000pm for a 0.9 % RVR. Local demand for tenants that will come from employees of the Far East Rand Hospital which is a level two , regional Hospital that is situated on the border of Springs and Brakpan.
The catchment areas include the following: Springs, Brakpan, Daveyton, Etwatwa, Etwatwa East, Duduzaand Informal settlements surrounding Springs, KwaThema, Benoni and Brakpan. The Far East Rand Hospital Serves a population of approximately 2 million. Mining still forms a large part of the local economy and employs many people living in Brakpan area.
We also offer the investor a rental guarantee option which once a tenant has been placed in the unit will guarantee the rental on the 1st working day each month, the product also includes:
- Rental guarantee for up to 3 months regardless of whether the tenant has paid
- All the costs and the responsibility of the eviction of tenant if required
- Total cost including management fee is 11.7%
