Riverhill - Secure residential estate in Parklands, Western Cape.
Prime investment situated in The fastest growing suburb in Cape Town
2 Bedroom, 1 bathroom apartments
This development promises fantastic capital appreciation, making it ideal to add to your investment property portfolio.
Why invest in Riverhill?
Investment Benefits:
- Gross ROI of 9.74%
- Transfer and bond fees included*
- R12 000 Rental Assist to investors
- Rental income projected from R6 800 per month (excluding rental assist)
- Benefit from a 55% deduction through Section 13sex tax rebates
- Up to 100% bond finance available
- Strategic bond financing planning through IGrow Homeloans
- High rental demand neighbourhood
- Company Registration & Trust setup and advice through IGrow Trusts
Development features:
- Occupation from end-2021
- Prepaid electricity meters to all units
- Water meters installed for accurate billing
- Secure complex – access to Complex Patrols
- Electrified perimeter wall
- Burglar bars to all opening windows
- Security gates installed to front doors
- One secured parking bay per apartment
- Ample visitors parking
- Jungle gym and play area for children
- Landscaped communal gardens
- Tiled throughout
- Full bathroom with bath and shower
- Bathroom accessories provided
- Curtain rails installed to bedrooms and lounge
Investment overview:
- 55% deduction through through Tax 13Sex
- Only pay first bond installment from date of registration
- R10 000 Reservation deposit required to secure (refundable should finance not be approved)
- Comprehensive end-to-end rental management
- IGrow Rentals - Specialist in-house rental managers
- Tenant vetting & placement
- Rental collection
- Ingoing & outgoing inspections
- Maintenance service available
- Projected income from R87 600 + p/a
- Apartments selling at R899 000
