Silvermine - Secure residential estate in Thornton, Western Cape.
SOLD OUT
Everything you would expect, and more... Studio, 1, 2 & 3 bedroom apartments
Featuring a state-of-the-art security system that includes biometric access control, full CCTV and a manned security. In addition, access to the development, Conradie Park, is constantly monitored by perimeter surveillance and license plate recognition cameras.
Silvermine is situated in the greater Conradie Park development, which is a new mixed-income, mixed-use housing development in Cape Town. The R3-billion, 22-hectare development - a partnership between developers Concor and the Western Cape Government - comprises more than 3 500 homes. It's located near main arterial routes and the Mutual and Thornton railway stations in Pinelands, a Cape Town suburb best known for Mutual Park, the enormous local headquarters of Old Mutual.
With plans for numerous businesses, two affordable private schools, three creches', an aspirational convenient retail centre, business hotel, medical facilities, doggy day-care, town square & community centre a number of pocket-parks and a 22,000m2 linear park with its Saturday morning "Park Run" already plotted, the development is being touted as an 'affordable, sustainable, self-contained town for the future!'
Investment benefits
- Occupation from end 2022
- Gross rental yields up to 11%
- Rental income projected from R6 800 to R9 300 per month
- Bond and transfer fees included
- Up to 100% bond financing available
- Deduct up to R934 945 against taxable income through Section 13sex tax incentives*
- Buy directly from the developer
- Tenant insurance offered - secure your rental income
- No transfer duty payable
- Property tax strategies offered by IGrow Chartered Accountants
- Company & trust advice and setup through IGrow Trusts
- 3% reservation deposit required (refundable should financing not be approved)
Apartment highlights
- Fibre installed to all units
- Built-in cupboards in bedrooms and kitchen
- Engineered stone kitchen countertops
- Washing machine/dishwasher point in kitchen
- Vinyl flooring for low maintenance
- Clever site design with natural lighting
- Centralised, energy efficient, heatpump hot water system
- Hot and cold water meters installed to each apartment
- Pre-paid electricity meters to each apartment
- Modern sanitary finishes
- No allocated parking bays - ample provision made
- Building insurance covered by levy
- Five year NHBRC warranty
- Ready for occupation end 2022
Development features
- More than 3 000 properties upon completion
- Two affordable private schools & three creches
- Convenient retail centre & sports field
- Medical facilities
- Doggy day-care
- Retirement Village with frail care facility
- Community centre with number of pocket parks
- Electrified perimeter fencing
- Biometric access controlled with LPR-cameras
- On public transport routes (Mutual Station and future MyCiti)
- High-demand rental area
- Ideal location with easy access to major freeways
